Wednesday, August 31, 2016

China To Push Ambitious Economic Agenda On Wary World Leaders

When leaders of 20 major nations and the European Union meet next week, their host China is likely to push far-reaching measures for world economic stimulus. But Beijing's agenda that covers consolidation of cross-border investment rules and the industrialization of Africa may get just a polite, diluted reaction from the other leaders, who include U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe. China would have trouble pushing the Sept. 4-5 Group of Twenty (G20) nations summit toward bold action because of increasingly obvious weak spots in its own economy, the world's second largest, and hesitation in making domestic policy changes sought by other countries.

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