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G20, Renzi: agreement with Alibaba and US approval

The G20 of Huangzou in China has opened, preceded and punctuated by bilateral meetings and plenary sessions. Premier Renzi met Chinese President Xi Jinping and signed agreements with Alibaba on wine and the fight against fraud. Obama meets May and praises Italy for the reforms carried out by the government. Junker promotes the EU line but asks for more impetus from world partners. VIDEO

G20, Renzi: agreement with Alibaba and US approval

“It often takes years to see the results of reforms. The future travels fast and can be frightening». These are the words of the Italian premier Matteo Renzi - according to what is learned - in his speech at the G20 meeting in Hangzhou. The prime minister also spoke of growth and development. "We must pay more attention to fairness and equality - he underlined - We all want inclusive growth but we have a common enemy: fear". Precisely on the work done for the reforms, Renzi received the applause of US President Barack Obama who cited the Italian premier as an example of "good government work". In China, Renzi met President Xi Jinping and signed an agreement with Alibaba, the Chinese platform for internet purchases, on the subject of wine and the fight against commercial fraud.

The G20 opened in the morning in Hangzou, China. The summit has growth at the center of the discussions and was preceded by bilateral meetings such as that of Italian premier Matteo Renzi with Chinese president Xi Jinping (video below) and that of US president Barack Obama with British premier Theresa May.

The leaders of the 20 countries have finalized a draft (see video) of a final resolution which should sanction a univocal consensus on the recovery of the economy, leveraging on taxation, monetary policy and reforms. The G20 heads of state and government underline the persistence of "downside risks" and new turbulence on the financial markets. In the document, which could assume the official status of a "Hangzou consensus", the leaders support a "strong, stable, sustainable, balanced and inclusive growth". “Our growth strategy – the virtuous investment-reform-audit triangle is working: reforms bring results. However, at this summit we urgently need our G20 partners to implement the growth strategies already agreed”. This was stated by the president of the EU Commission Juncker in Hangzhou before the start of the summit.

In China for the G20, Prime Minister Renzi signs agreements with the owner of Alibaba on wine and against fraud on Made in Italy.

Bilateral between Obama and the British prime minister, who assures: "There will be no second referendum on Brexit".

“Our growth strategy – the virtuous investment-reform-audit triangle – is working: reforms bring results. However, at this summit we urgently need our G20 partners to implement the growth strategies already agreed”. This was stated by the president of the EU Commission Juncker in Hangzhou shortly before the start of the summit.

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