Leaders: Growth and Xi

leaders: In an effort to shore up public support for trade, the leaders promised "inclusive growth" to spread the benefits to people who have been left behind by wrenching change, according to Metro News. That reflects a recognition that economic strains are fueling political tensions and a growing clamour to raise barriers against foreign competition. In a joint statement, Chinese President Xi Jinping, U.S. President Barack Obama and the leaders of Britain, Japan, Russia and other Group of 20 nations pledged to boost sluggish global growth by promoting innovation."The global recovery lacks momentum," Xi told reporters after the meeting. "We need to do more to unlock the potential for medium and long-term growth."There was no mention of a global stimulus or other joint action, which officials said earlier was unworkable because economic conditions vary widely from country to country. The statement expressed "opposition to protectionism on trade and investment in all its forms."The governments pledged to avoid devaluing their currencies to boost exports. They appealed for stepped up aid for surging global numbers of refugees and their host countries. They called for co-operation to reduce tax avoidance. (www.immigrantscanada.com). As reported in the news.