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Welcoming Ceremony of G20 Summit. Chinese President welcomes world leaders one by one. World leaders are at the annual G20 economic summit, which is being hosted in China for the first time. President Xi said the global economy was at a "crucial juncture" due to volatile markets and feeble trade. Also discussed on the first day of the G20 were the global steel crisis, trade barriers and the UK's Brexit talks. President Xi said: "Against risks and challenges facing the world economy, the international community has high expectations of the G20 in the Hangzhou summit."