Try GOLD - Free
Xi vows to protect free trade at Apec summit
Business Standard
|November 01, 2025
Urges unity and stable supply chains; Trump snubs major summit
China's President Xi Jinping (left) with his South Korean counterpart Lee Jae Myung during the Apec summit in Gyeongju
(PHOTO: REUTERS)
Chinese leader Xi Jinping told Asia-Pacific leaders on Friday that his country would help to defend global free trade at an annual economic regional forum snubbed by US President Donald Trump.
Xi took centre stage at the Asia-Pacific Economic Cooperation (Apec) summit that began Friday in the South Korean city of Gyeongju, as Trump left the country a day earlier after reaching deals with Xi meant to ease their escalating trade war.
Trump described his Thursday meeting with Xi as a roaring success, saying he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and start buying American soybeans.
“The more turbulent the times, the more we must work together,” Xi said during Apec’s opening session. “The world is undergoing a period of rapid change, with the international situation becoming increasingly complex and volatile.” Xi called for maintaining supply chain stability, ina riposte to US efforts to decouple its supply chains from China.
Xialso expressed hopestoworkwith other countries to expand cooperation in green industries and clean energy.
This story is from the November 01, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
US-Iran war dents LIC's portfolio by ₹70,000 cr; banks, L&T worst hit
India's state-run insurance behemoth and one of the largest domestic institutional investors Life Insurance Corporation (LIC) has seen an erosion of ₹70,105 crore in its stock portfolio amid the US-Israel-Iran war.
2 mins
March 11, 2026
Business Standard
PM calls for cushioning West Asia crisis impact
Amid concerns over India's energy security and a looming cooking gas and fertilisers shortage due to the conflict in West Asia, Prime Minister Narendra Modi on Tuesday asked ministries to work in a collective and coordinated manner with respective stakeholders to cushion the impact on citizens, even as the Centre issued a fresh diktat to regulate natural gas supplies. Modi's message to ministers to ensure that any inconvenience to citizens is minimised, and to gear up for potential disruptions, was conveyed at the Union Cabinet meeting.
3 mins
March 11, 2026
Business Standard
More LPG, LNG supplies come from non-Hormuz routes
Domestic refiners report 10% increase in LPG production since govt order
2 mins
March 11, 2026
Business Standard
Idea is not to ban social media but regulate it for teens: Priyank Kharge
Karnataka minister says proposal is aimed more at regulating what kids are exposed to, and calls for collective effort to keep children from harm's way.
3 mins
March 11, 2026
Business Standard
TCS wealth erosion tops $100 bn from peak
In a first for a domestically listed company, the market capitalisation (mcap) of Tata group flagship Tata Consultancy Services (TCS) has fallen by more than $100 billion from its peak.
1 mins
March 11, 2026
Business Standard
Export demand, margins of tile sector to take a hit in Q4FY26
Until the start of the Iran war, the tile and ceramics industry had been optimistic about a rebound.
3 mins
March 11, 2026
Business Standard
Centre seeks House nod for ₹2.81 trillion spending
The Union finance ministry on Tuesday sought Parliament go-ahead for gross additional expenditure of 2.81 trillion involving a net cash outgo of ₹2.01 trillion, through the second supplementary demand for grants for FY26.
1 mins
March 11, 2026
Business Standard
FDI curbs relaxed for China, others under Press Note 3
Automatic route allowed for stakes below 10%
2 mins
March 11, 2026
Business Standard
Cabinet approves changes to IBC, two other Acts
The union cabinet on Tuesday approved changes to the insolvency and Bankruptcy Code as well as the Companies and the Limited Liability Partners Act, according to official sources.
1 mins
March 11, 2026
Business Standard
SC backs UCC to settle personal law conflicts
The Supreme Court on Tuesday observed that the introduction of a Uniform Civil Code (UCC) may be the most effective way to address conflicts arising from the operation of different personal laws.
2 mins
March 11, 2026
Listen
Translate
Change font size