The specter of protectionism has loomed large over global trade amid sluggish economic growth and is a pressing concern for China. The trade growth strategy adopted by the ministers spelled out broad principles for stimulating trade, including lowering costs, boosting trade finance and stimulating the service sector. China's Commerce Minister Gao Hucheng attends a session during the 2016 G20 Trade Ministers Meeting in Shanghai, China July 10, 2016. "We agree that we need to do more to achieve our common objectives for global growth, stability and prosperity." The Group of 20 trade ministers, who wrapped up a two-day meeting in Shanghai on Sunday, approved a broad trade growth strategy aimed at reversing a slowing in global trade, and backed guiding principles for global investment policymaking.

Source: Thanhnien News July 10, 2016 08:26 UTC