How Xi and Putin Humiliated Obama at the G-20
By Anders Åslund
September 07, 2016
On September 4-5, the G-20 held its annual summit in Hangzhou, China, President Xi Jinping’s home. G-20 summits tend to be meaningless, but this one appears to have been outright harmful. The signature event was when President Barack Obama’s Air Force One was not met with a staircase, and it went downhill from there.
During the global financial crisis in 2008-9, when the main economies in the world needed to come together to reassure global markets, the G-20 was relevant. Ever since, G-20 meetings have lacked significance.
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