US EditionGlobal Times: Xi Puts Forward Five-Point Proposal for Building Asia-Pacific Community at APEC
APEC leaders discuss economic cooperation to address trade tensions and supply chain risks as the region accounts for half of global trade, officials said.
- On Oct 31, leaders gathered in Gyeongju to focus on supporting supply chains at the APEC summit following a fragile trade truce between China and the United States.
- Xi proposed sweeping initiatives at the summit, including maintaining the multilateral trading system and ensuring supply chain stability, while APEC aims to reduce trade barriers though its decisions remain nonbinding.
- Chinese President Xi Jinping told leaders that `Changes unseen in a century are accelerating across the world`, while the U.S. was represented by Treasury Secretary Scott Bessent, and Xi was expected to hold talks with Japan's Sanae Takaichi.
- South Korea's Foreign Minister Cho Hyun said on Oct 30 that last-minute negotiations on the Gyeongju Declaration are ongoing, but two diplomats expressed scepticism about a substantive consensus before Nov 1.
- The APEC region accounts for 50% of global trade and 61% of GDP, while past failures in 2018 and 2019 and U.S. protectionist policy in recent years complicate consensus.
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Global Times: Xi puts forward five-point proposal for building Asia-Pacific community at APEC
BEIJING, Oct. 31, 2025 /PRNewswire/ -- Chinese President Xi Jinping on Friday put forward a five-point proposal for promoting universally beneficial and inclusive economic globalization and building an Asia-Pacific community, the Xinhua News Agency reported.
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GYEONGJU, North Gyeongsang Province — Asia-Pacific Economic Cooperation (APEC) leaders on Friday discussed ways to strengthen the multilateral trade system and mutual cooperation to boost regional economic growth and revitalize trade and investment. Notably, Chinese President Xi Jinping proposed the establishment of a free trade area encompassing the Asia-Pacific region, according to Xinhua News Agency. The proposal was made while U.S. President…
APEC summit starts after Trump and Xi agreed to trade truce
This year's APEC summit in the historic South Korean town of Gyeongju is expected to focus on supporting supply chains. The gathering comes after a fragile trade truce was established by the leaders of China and the US.
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