President Xi says China to host APEC Economic Leaders' Meeting in 2026

Chinese President Xi Jinping announced on Saturday that China will host the APEC Economic Leaders' Meeting in 2026.

The announcement was made during the 31st APEC Economic Leaders' Meeting, held in Lima, Peru, where leaders from APEC economies convened to address pressing global challenges, including trade, sustainability and inclusive growth.

"We look forward to working with all parties to deepen Asia-Pacific cooperation for the benefit of the peoples in the region," Xi said.

This marks the third time China will host the prestigious gathering since APEC's founding in 1989.

"Over the decades, APEC has been instrumental in guiding Asia and the Pacific to great success in development, prosperity and connectivity, making the region the most dynamic economy and primary engine of global economic growth," Xi said at the meeting.

Noting the challenges faced by Asia-Pacific cooperation, including rising tendencies of geopolitics, unilateralism and protectionism, Xi urged APEC economies to act in solidarity and cooperation to address these issues.

Xi proposed building an open and interconnected framework for Asia-Pacific cooperation, calling for the removal of barriers hindering the flow of trade, investment, technology and services.

He further emphasized the importance of making green innovation a catalyst for regional growth, adding that China is developing new quality productive forces based on actual conditions and deepening cooperation with interested parties on green innovation.

China will launch a Global Cross-Border Data Flow Cooperation Initiative and seek deeper collaboration with other parties to promote efficient, convenient and secure cross-border data flows.

The Chinese president also proposed upholding a universally beneficial and inclusive vision for Asia-Pacific development.

China's continued development will provide new opportunities for the Asia-Pacific region and the world at large, Xi said, adding that China welcomes all parties to continue riding the "express train" of its development and growing together with the Chinese economy.

(With input from Xinhua)