We may earn commissions if you use the recommended services on this site.  

China Expresses Willingness to Contribute to APEC's Success Following President Xi's G20 Absence

Latest Business News

China Expresses Willingness to Support APEC's Success Following President Xi's G20 Absence

China's top diplomat, Foreign Minister Wang Yi, stated on Tuesday that China is prepared to play a "constructive" role in ensuring the success of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. This statement comes after President Xi Jinping's absence at the recent Group of 20 (G20) summit in India. Wang emphasized that as the world's largest developing country and an important member of APEC, China is committed to meeting the expectations of the international community.

Xi's Absence at G20 and Hopes for APEC

President Xi did not attend the G20 summit in New Delhi, with Chinese Premier Li Qiang representing the country instead. This decision led the United States to suggest that China was "giving up" on the G20 and seeking to establish an alternative world order. When asked about Xi's attendance at APEC, Wang expressed hope that the United States, as the host, would demonstrate openness, fairness, inclusiveness, and responsibility to create favorable conditions for the smooth conduct of the meeting. China is currently in communication with relevant parties and will make an announcement regarding Xi's attendance in due course.

Resuming Dialogue and Opposition to Military Alliances

Despite tensions between China and the United States, particularly regarding Taiwan, dialogue between the two nations has been gradually resuming. There are growing expectations that Xi and President Biden may have a meeting on the sidelines of APEC, following their missed opportunity for a face-to-face meeting at the G20 summit in India. During the same news conference, Wang expressed China's opposition to the "wanton" expansion of military alliances that encroach upon the security of other countries. Beijing has been critical of the United States' efforts to deepen military alliances in the Asia-Pacific region, particularly the construction of U.S. military bases in the northern Philippines, which China claims as part of its territory. China has long advocated for partnerships rather than alliances and is not part of any military bloc. Since the dissolution of the Soviet Union in 1991, China's sole remaining ally is North Korea, with whom it has a 1961 treaty to come to its defense if attacked.

China's Constructive Role in APEC: Implications for New Business Ventures

China's readiness to play a "constructive" role in the Asia-Pacific Economic Cooperation (APEC) summit, as expressed by Foreign Minister Wang Yi, could have significant implications for new businesses. This commitment comes in the wake of President Xi Jinping's notable absence at the recent G20 summit in India.

China's Global Influence and New Business Opportunities

As the world's largest developing country and a key member of APEC, China's diplomatic moves can shape international business trends. New businesses, particularly those with a focus on the Asia-Pacific region, should closely monitor China's actions. The country's commitment to the success of APEC could signal potential opportunities for business growth and partnerships within the region.

Resumption of Dialogue and Its Impact on Business Climate

Despite geopolitical tensions, especially around Taiwan, the gradual resumption of dialogue between China and the United States is noteworthy. The potential meeting between Xi and President Biden on the sidelines of APEC could further ease tensions and create a more conducive environment for international business.
China's Stance on Military Alliances and Its Business Implications
China's opposition to the expansion of military alliances, as expressed by Wang, reflects its preference for partnerships over alliances. This stance could influence its approach to business partnerships, potentially favoring cooperative, mutually beneficial relationships. New businesses should consider this when exploring opportunities in China or with Chinese enterprises. In essence, China's diplomatic moves and its commitment to play a constructive role in APEC could shape the business climate in the Asia-Pacific region. New businesses should keep an eye on these developments as they could signal potential opportunities and challenges in the market.
Story First Published at: https://www.cnbc.com/2023/09/26/after-xis-g20-absence-china-says-willing-to-play-role-in-apecs-success.html
Brought to you by BusinessFormation.io
Know Your State's Registered Agent Requirements: What is a Registered Agent
Learn How To Create An LLC: What Is An LLC and How To Start an LLC Online

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.