Chinese President Xi Jinping arrived in San Francisco on November 15 (Beijing Time) for a China-U.S. summit meeting and the 30th APEC Economic Leaders' Meeting at the invitation of U.S. President Joe Biden.
The 30th APEC Economic Leaders' Meeting is scheduled from November 15 to 17 in San Francisco, the United States. Here are several things you may need to know about the meeting.
President Xi to deliver speech at meeting
President Xi will deliver an important speech at the meeting to fully elaborate on China’s major propositions on deepening Asia-Pacific cooperation and driving regional and global growth.
Against the backdrop of global challenges, Xi's address is expected to be yet another memorable moment for strengthening regional and global economic collaboration for years to come.
Xi has, on multiple occasions, advocated genuine multilateralism and open regionalism, offering China’s wisdom to the challenges facing the times, and injecting confidence into the international community.
Xi has attended or presided over every APEC Economic Leaders' Meeting and delivered important speeches through various means in the past decade.
At last year's APEC gathering in the Thai capital Bangkok, Xi called for building an Asia-Pacific community with a shared future.
Why APEC economic leaders' meeting important
The APEC Economic Leaders' Meeting is a top-level meeting under the APEC institutional framework and a culmination of annual APEC forum.
This year's APEC meetings are themed "Creating a Resilient and Sustainable Future for All."
APEC was founded in Canberra in 1989 as an informal dialogue forum to promote regional economic integration. In 1993, the practice of an annual APEC Economic Leaders' Meeting was established to provide greater strategic vision and direction for cooperation in the region.
APEC currently has 21 economies, namely Australia, Brunei, Canada, Chile, China, China's Hong Kong, Chinese Taipei, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Thailand, the United States and Vietnam.
With a combined population of around 2.9 billion, the 21 APEC economies account for over 60 percent of the world's total gross domestic product (GDP) and about half of world trade.
The upcoming APEC Economic Leaders' meeting will be convened at a critical time. With mounting factors of instability and uncertainty in the world economy, there is a widely shared expectation for Asia-Pacific to remain an economic engine to lead global growth.