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Oil prices jumped since OPEC members and non-OPEC producers agreed to significant cuts in production output.
Russia hopes the US will send representatives to attend a new round of Syria peace talks in Astana, Kazakhstan.
Japan’s Chief Cabinet Secretary Yoshihide Suga called on China to exert pressure on North Korea.
Steinmeier, who was formerly a foreign minister, is from the center-left Christian Democratic Party.
The European Union (EU) rebuked North Korea's missile launch calling the action "provocative and unacceptable".
Beijing views as a crucial partner in the Silk Road Economic Belt trade and economic partnership initiative.
In dollar terms, Chinese exports to the US grew by 9 per cent.
Some fear that South Africa is becoming increasingly divided.
"Trump and Xi look forward to further talks with very successful outcomes," the White House said.
The summit will be under the theme "BRICS: Stronger Partnership for a Brighter Future".