Devaluation of the local currency in Argentina and inflation have taken an enormous toll. Correspondent Correspondent Joel Richards tells us more about the G20 host country, and the role it played during the talks.
Leaders of the world’s top economies agreed Saturday to repair the global trading system as they closed a Group of 20 summit that saw the Trump administration at odds with many allies over the Paris accord on climate change and issues like migration.
The 11th summit of the Group of 20 (G20) major economies concluded in Hangzhou, China on Monday, reaching extensive consensus on pursuing innovative, invigorated, interconnected and inclusive world economic growth.
As Hangzhou hosts the G20 Summit, the city’s cuisine is under a brighter spotlight. When world leaders sit down for dinner, they are doing so in an ancient Chinese city well-known for its long culinary history.
The G20 Summit gathers 20 of the world’s most powerful leaders, but it’s far from a superstar carnival. International trade is facing its lowest growth rate in three decades, and the global jobless rate is nearly six percent.
Ten-years ago, China set a goal to become an “innovation-oriented society” by 2020. It seems to be on that path and timetable. The “Made in China” brand means something entirely different now, from what it did just a decade ago.
CCTV’s Nathan King traveled to Pittsburgh, site of the 2009 G-20 Summit, for an interview with the man dubbed the “Father of Field Robotics” to see if technology will create or eliminate jobs in the future.
The presidents of China and the United States handed over their countries’ instruments of joining the Paris Agreement separately to Secretary-General of the United Nations Ban Ki-moon in Hangzhou on Saturday.
Now it’s China’s turn to host the G20 summit, with a very different economic outlook than in Pittsburgh in 2009, requiring a very different economic approach- one that includes all stakeholders in the global economy.
China is contributing nearly one-fifth of global economic output annually, and its contribution to global growth is nearly 40 percent. Now China looks to take greater role in reviving global economy. However, it is still facing challenges.
Themed to move “Towards an innovative, invigorated, interconnected and inclusive world economy,” the G20 summit this year is expected to draw global attention as the global economy continues to weaken.
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