Economic summit opens amid sluggish growth, trade

This was followed by shouting matches between Chinese officials and Secret Service agents when Obama met with Chinese President Xi Jinping over United States journalists’ access to Obama, which Chinese officials unexpectedly limited, CNN reported.

President Xi says it comes at a “crucial time” due to feeble trade and volatile markets.

China has placed innovation and global coordination top on the agenda to reinvigorate the world economy in a post-crisis era at the just-concluded Group of 20 (G20) summit, according to an Argentine expert.

The Independent reporting that May is telling global leaders that Britain is still, quote, “open for business”.

“We’re moving into a new era here where a number of countries have significant capacities”, Obama said at a news conference at the conclusion of the summit.

Under the presidency of China, the single largest contributor to global growth, it’s widely expected that China’s development vision and experiences will help chart the course for the world economy.

Government security chiefs want to ensure British intelligence is not stolen like in 2008, when a Downing Street official accompanying then-Prime Minister Gordon Brown was seduced by a lovely Chinese woman.

The U.N. chief recommended that the leaders of the developed and emerging countries that are part of the Group of 20 to make use of the momentum from the ratification of the climate pact by the USA and China. When EU Commission President Jean-Claude Juncker and EU Council President Donald Tusk set out their priorities for the Hangzhou meeting this week, free trade was next to last. Other concerns include barriers to foreign investment, and the risk of currency devaluations to protect export markets. There were also altercations between USA and Chinese officials as Obama got off the plane and US reporters were told to move.

Overwhelming security characterized the gathering throughout, with Hangzhou, a city of 2.5 million, brought to a standstill to facilitate the event.

U.S. President Barack Obama, right, and U.N. Secretary-General Ban Ki-moon shake hands in front of Chinese President Xi Jinping during a joint ratification of the Paris climate change agreement at the West Lake State Guest House in Hangzhou in eastern China’s Zhejiang province, Saturday, Sept. 3, 2016.

China has responded angrily to Seoul’s decision to base the U.S. Terminal High Altitude Area Defense, or THAAD, system south of the South Korean capital, Seoul.

While Seoul and Washington say the system is intended exclusively to defend against North Korea’s missile threat, Beijing says it will allow the USA military to peer deep into northeastern China.

British Prime Minister Theresa May, who took office after the referendum, tried to reassure other governments Britain was not isolating itself.

Still, as Obama and Russian President Vladimir Putin attended an economic summit, the leaders were under pressure to push the negotiations beyond the sticking points that have thus far prevented a deal.

This story has been corrected to fix name of Japanese leader to Shinzo Abe.