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G20 countries should boost policy coordination, avoid protectionism: Xi

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Chinese President Xi Jinping speaks at the opening of the G20 Summit in Hangzhou. SOURCE: REUTERS

[HANGZHOU] China's President Xi Jinping said on Sunday at the opening of the G20 summit that risks are accumulating in the global economy from high leverage and that countries should take steps to boost trade and investment and avoid protectionism.

G20 countries should increase policy coordination and balance supply-side reform and demand management, Mr Xi said during his address to other world leaders at the meeting in the eastern Chinese city of Hangzhou.

This is the first ever G20 summit to be hosted in China and the second Asian country after 2010 G20 Seoul summit was hosted in South Korea.

REUTERS