"The global recovery lacks momentum," Xi told reporters after the meeting. "We need to do more to unlock the potential for medium and long-term growth. "The governments pledged to avoid devaluing their currencies to boost exports. They called for cooperation to reduce tax avoidance. They appealed for stepped up aid for surging global numbers of refugees and their host countries.Chinese leaders hope the two-day meeting will increase their influence in managing the global economy.

Source: Economic Times September 05, 2016 12:11 UTC