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Xinhua China-related world news summary at 0900 GMT, Aug. 10

Xinhua, August 10, 2016 Adjust font size:

Shanghai-based China Capital Investment Group has bought an island at the heart of the Great Barrier Reef in Queensland, Australia for about 25 million Australian dollars (19.21 million U.S. dollars).

The South Molle island in Whitsundays had been put up for sale by owner Craig Ross in April, Fairfax Media reported on Wednesday. (Australia-Island-China)

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BUENOS AIRES -- China is poised to play a "crucial" role at the upcoming summit of G20 leaders in Hangzhou, serving to guide talks aimed at jump-starting the world economy, according to a leading Argentine economist.

"Important and powerful conflicting interests coexist within the G20," said Gustavo Girado, head of the Buenos Aires-based consulting firm Asia & Argentina. (Argentina-China-G20)

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PHNOM PENH -- Cambodian Defense Minister Gen. Tea Banh and Indonesian Defense Minister Ryamizard Ryacudu on Wednesday encouraged all parties concerned in the South China Sea issue to resolve their disputes through peaceful negotiations.

"We had a brief talk on South China Sea issue and agreed that all parties concerned (in the disputes) should continue negotiating with each other peacefully,"Gen. Tea Banh told reporters after the meeting. (Cambodia-South China Sea)

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SYDNEY -- Expectations are high on world leaders at the upcoming G20 summit to lay the path to strong, sustainable and balanced growth, or risk further global fragility, an Australian expert has told Xinhua.

Leaders of the world's 20 largest economies (G20) leaders are set to meet in China's Hangzhou on Sept. 4 and 5 to discuss what the Lowy Institute for International Policy's G20 Studies Center program director Tristram Sainsbury expects will be a very technical agenda. (Australia-G20) Endi