Story perspectives

Xi Jinping Champions Multilateralism Amid U.S. Trade Absence

10/31/2025

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Summary

Story summary

At the Asia-Pacific Economic Cooperation (APEC) summit, Xi Jinping emphasized multilateralism and free trade, contrasting with U.S. President Donald Trump's absence and tariff focus.
Xi called for updated trade rules to protect developing countries.
Analysts warn that China's tactics may bind regional economies to its interests, raising fears of deindustrialization among neighboring countries.
The upgraded China-ASEAN free trade deal illustrates China's strengthening regional influence.

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Story summary

At the Asia-Pacific Economic Cooperation (APEC) summit, Xi Jinping emphasized multilateralism and free trade, contrasting with U.S. President Donald Trump's absence and tariff focus.
Xi called for updated trade rules to protect developing countries.
Analysts warn that China's tactics may bind regional economies to its interests, raising fears of deindustrialization among neighboring countries.
The upgraded China-ASEAN free trade deal illustrates China's strengthening regional influence.