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China takes over G20 presidency

China formally assumed presidency of the Group of Twenty on Tuesday. The 2016 G20 summit will be held in China’s eastern city of Hangzhou on September 4-5. Chinese President Xi Jinping said in a statement that China’s hosting of the summit shows not only a high degree of trust in China from the international community, but also China’s sincere willingness to contribute more to the international community.

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