[Ticker] Juncker: China must allow steel monitoring

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.

There was even a joint announcement by China and United States that they would ratify the Paris climate change agreement, a significant step for the world’s two biggest emitters of greenhouse gases.

Administration officials had said that Obama would make the case for the TPP during his visit to Asia, including in a speech he has scheduled in Laos on Tuesday.

The theme of 2016 G20 Summit: “Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy”.

In the run-up to G20, China has been particularly upset by what it sees as unwarranted suspicion of its overseas investment agenda smacking of protectionism and paranoia.

There was no direct mention in the statement of the delayed nuclear project.

The president noted China has been run during his lifetime by a Communist party that has been “much more anti-Western” in the past.

“So where we see them violating worldwide rules and norms, as we have seen in some cases in the South China Sea or in some of their behaviour when it comes to economic policy, we’ve been very firm”. “The path is to take action by driving innovation”, he said, adding that China wanted the G20 to be a place for action, not only conversation. G20 nations are expected to endorse the establishment of a global monitoring of steel overcapacity.

For countries like Britain, whose steel industry crisis has been directly blamed on a flood of cheap Chinese imports, the issue is key.

A session with Theresa May focused on the newly installed British prime minister’s plan to execute an orderly exit from the European Union.

“Argentina will play an important role as the host country in 2018”, said Castro.

May has asked her security advisers to review the project.

“I am a president of a sovereign state”. And what we’ve said consistently is we welcome the peaceful rise of China, consistent with global norms.