World Markets: European Commission and Joe Mcdonald

world markets: China made trade a theme of the Group of 20 meeting even as Beijing faces complaints it is flooding world markets with low-cost steel, fueling demands for trade curbs, according to The Toronto Star. The president of the European Commission highlighted the conflict by calling for the summit to take action. By Joe McDonald The Associated Press Sun., Sept. 4, 2016 HANGZHOU, CHINA—Chinese President Xi Jinping called Sunday for leaders of the United States, Germany and other major economies to resist pressure to raise trade barriers as they opened a summit amid sluggish global growth and disputes over China steel exports and Apple Irish tax bill. Opening the two-day meeting in this lakeside city southwest of Shanghai, Xi called for more innovation to spur economic growth and reforms to global financial and economic management. Chinese officials said earlier that Beijing would propose a plan to boost trade and innovation through regulatory changes and closer government co-operation. He appealed for co-operation in taxes, anti-corruption and measures to improve the ability of the world economy to resist risks. (news.financializer.com). As reported in the news.