Chinese leader urges APEC members to work towards open global economy

Chinese President Xi Jinping on November 18 urged countries in the region to remain committed to the goal of economic integration and work towards the director of an open global economy to jointly pursue prosperity in Asia-Pacific.
Chinese leader urges APEC members to work towards open global economy ảnh 1Chinese President Xi Jinping at the APEC CEO Summit 2018 in Papua New Guinea on November 17. (Photo: Xinhua/VNA)

Hanoi (VNA)
– Chinese President Xi Jinping on November 18urged countries in the region to remain committed to the goal of economicintegration and work towards the director of an open global economy to jointlypursue prosperity in Asia-Pacific.

Delivering a speech titled “Harnessing Opportunities of Our Times toJointly Pursue Prosperity in the Asia-Pacific" at the 26th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in PortMoresby capital of Papua New Guinea, the Chinese leader tabled four directions,namely to advance economic integration in the region so as to build an openeconomy in the Asia-Pacific, to pursue innovation-driven growth and foster newgrowth drivers, to improve the connectivity network to promote inclusive andinterconnected development, and to forge a closer partnership and jointly meetcommon challenges.

During the event, he also voiced his support for the liberalization andfacilitation of investment and trade, protected the multilateral trademechanism and opposed the trade protectionism.

“We need to respect diversity and each other's choices of developmentpath, promote integration and mutual learning on the basis of openness andinclusiveness, and engage in both healthy competition and mutually beneficialcooperation,” Xi Jinping stressed.

The APEC Economic Leaders’ Meeting took place on November 17 – 18 underthe theme “Harnessing Inclusive Opportunities, Embracing the Digital Future.” –VNA 
VNA

See more

US President Donald Trump signs reciprocal tariff executive orders at the White House on April 2, 2025 (Photo: Xinhua/VNA)

Thailand to negotiate with US on tariffs

Thailand is on the list of 15 countries that could be affected by Trump’s tariff policy. The average US tariff on Thai imports is 2% while Thailand levies an average tariff of 8% on US products

More than two-thirds of the respondents in the AmCham survey flag potential reciprocal tariffs on countries taxing US imports as the biggest concern for their business. (Photo: The Straits Times)

New US tariffs may hurt Singapore companies: survey

A flash survey by the American Chamber of Commerce (AmCham) in Singapore showed that more than two-thirds of the 36 respondents polled flagged potential reciprocal tariffs on countries that tax US imports as the biggest concern for their business – compared to existing trade measures.

US President Donald Trump announces new reciprocal tariffs at the White House on April 2. (Photo: Reuters/VNA)

US tariffs putting pressure on both US and ASEAN

The most immediate impact of Trump’s tariffs will be inflation, both in the US and worldwide. As import costs rise, businesses will pass these costs onto consumers, driving up prices, said Professor Phar Kim Beng of ASEAN Studies at the International Islamic University of Malaysia (IIUM).

Two foreign tourists buy curry puffs at the popular Khun Phu shop in the Talat Noi community in Bangkok on Monday. (Photo: bangkokpost.com)

Thailand revises tourism strategy after earthquake

Minister of Tourism and Sports Sorawong Thienthong said that a tourism risk and crisis management team will be established to support the industry, with representatives from organisations in the tourism supply chain, such as the Ministry of Home Affairs and the Roads Authority.

General Khamtay Siphandone, former President of the Lao People’s Revolutionary Party (LPRP) Central Committee, former President of Laos and senior revolutionary of the LPRP. (Source: VNA)

Former Lao President Khamtay Siphanone passes away

General Khamtay Siphandone, former President of the Lao People’s Revolutionary Party (LPRP) Central Committee, former President of Laos and senior revolutionary of the LPRP, passed away at 10:30am on April 2 at the age of 102.

Rescue teams search for victims after the earthquake in Mandalay, Myanmar, on March 31, 2025. (Photo: Xinhua/VNA)

Myanmar earthquake: Relief efforts face major challenges

The 7.7-magnitude earthquake has caused widespread destruction in central Myanmar, displacing tens of thousands. The situation has been further complicated by ongoing conflicts, particularly in the Sagaing region, making it extremely difficult to deliver aid to affected areas.

At the explosion site (Photo: Facebook/Anwar Ibrahim)

Malaysia investigates gas pipeline explosion

The incident destroyed 78 houses and 10 shop lots, while also damaging 237 other houses and numerous vehicles. An estimated 364 people were affected, including 63 injured.

Prime Minister Paetongtarn Shinawatra listens to a briefing by a team of Israeli rescuers who are part of an international contingent working at the collapsed building site in Bangkok. (Photo: Bangkok Post)

Thailand works to restore global trust after Myanmar quake

Prime Minister Paetongtarn Shinawatra underscored Thailand's commitment to restoring its image and ensuring public confidence, noting that a thorough investigation into the project's approval, design and construction materials is underway.

Thailand speeds up investigation into Bangkok building collapse

Thailand speeds up investigation into Bangkok building collapse

The SAO building, valued at 2.1 billion THB (61.4 million USD), had been under construction for approximately five years and was nearing completion. It was the only building in Bangkok to collapse as a result of the powerful earthquake in Myanmar.

Delegates at the event (Photo: kpl.gov.la)

Laos aims for sustainable infrastructure development

Laos' Enabling Environment Roadmap for Infrastructure Asset Management (IAM EE) outlines strategies for the effective management of public infrastructure, including roads, schools, and hospitals, with a focus on resilience, inclusivity, and sustainability.