Xinhua world news summary at 1130 GMT, Dec. 2

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BUENOS AIRES -- China and the United States on Saturday reached consensus on economic and trade issues and agreed to avoid escalation of trade restrictive measures.

Chinese President Xi Jinping and his U.S. counterpart, Donald Trump, held a meeting in the Argentine capital, Buenos Aires, on Saturday evening. (China-U.S.-Trade)

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BUENOS AIRES -- China encourages the United States and the Democratic People's Republic of Korea (DPRK) to advance denuclearization on the Korean Peninsula, Chinese State Councilor and Foreign Minister Wang Yi said Saturday night.

Wang made the remarks when giving a briefing on the meeting between Chinese President Xi Jinping and his U.S. counterpart Donald Trump earlier in the day after the Group of 20 summit in the Argentine capital of Buenos Aires. (China-U.S.-Korean Peninsula)

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MEXICO CITY -- Mexico's new President Andres Manuel Lopez Obrador took office Saturday morning at a solemn ceremony in the Mexican Congress.

Lopez Obrador arrived at 11:14 a.m. local time (1714 GMT) along with outgoing President Enrique Pena Nieto. (Mexico-Presidential-Inauguration)

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MALABO -- The economy of Equatorial Guinea will be "significantly" boosted following the completion of the Chinese-built regulating reservoir of the Djibloho Hydropower Plant, President Teodoro Obiang Nguema Mbasogo said Saturday.

The project was completed at a time when Equatorial Guinea aims to enhance development through the provision of clean energy for all, especially in rural areas, Obiang said during the regulating reservoir's completion ceremony, adding that the project has brought more jobs to locals. (Equatorial Guinea-China-Hydropower)

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WASHINGTON -- U.S. President Donald Trump reportedly said on Saturday on his way back here that his second meeting with the top leader of the Democratic People's Republic of Korea (DPRK), Kim Jong Un, is likely to happen in January or February next year.

According to several Western media outlets, Trump told them aboard Air Force One after attending the Group of 20 (G20) summit that the meeting would occur early in 2019. (U.S.-DPRK-Meeting) Enditem

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