In his closing address at the G-20 meet, host Chinese President Xi Jinping urged major economies to drive growth through innovation, not just fiscal and monetary measures. The two-day gathering in the scenic Chinese city of Hangzhou agreed to oppose protectionism, with Chinese President Xi Jinping urging major economies to drive growth through innovation, not just fiscal and monetary measures. Also Read: G-20 summit warned of risks to economy as North Korea test-fires missilesNorth Korea has tested missiles at sensitive times in the past to draw attention to its military might. China and the US ratified the Paris agreement on cutting climate-warming emissions on the eve of the G-20 summit, setting the stage for other countries to follow suit. It is the last time that Obama will be attending the G-20 summit, and his visit to Hangzhou got off to a chaotic start.

Source: Mint September 05, 2016 16:30 UTC