China Opens The G20. Says The World Economy Is At Risk Due To Protectionism

China’s President Xi Jinping speaks during the opening ceremony of the G20 Summit in Hangzhou in eastern China's Zhejiang province, Sunday, Sept. 4, 2016. REUTERS/Mark Schiefelbein/Pool

Reuters: China's Xi at G20 says world economy at risk, warns against protectionism

The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations.

His warning on Sunday followed bilateral talks with Barack Obama that the U.S. president described as "extremely productive", but which failed to bring both sides closer on thornier topics such as tensions in the South China Sea.

With the summit taking place after Britain's vote in June to exit the European Union and before the U.S. presidential election in November, observers expect G20 leaders to mount a defense of free trade and globalization and warn against isolationism.

The global economy has arrived "at a crucial juncture", Xi said, in the face of sluggish demand, volatile financial markets and feeble trade and investment.

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WNU Editor: After these remarks from Chinese president Xi .... I have to wonder if they are issuing a warning about Donald Trump.