China Scores Big at Apec Summit

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  • Chinese President Xi Jinping emerged stronger after the two-day Asia-Pacific Economic Cooperation (APEC) summit, which was known to have been dominated by the United States in the recent past.
  • APEC accepted two important proposals that were pushed by China to widen its own sphere of influence.
  • India, which did not attend despite being invited to join as an observer, may have to consider the implications of China's achievements at the summit.
  • Pakistan and Bangladesh attended as observers, according to diplomats.
  • Xi had invited PM Narendra Modi to attend the summit.
  • Xi clearly stole the show at the summit, with US President Barack Obama talking about accommodating China.
  • Leaders of Asia-Pacific countries agreed to move towards a new free-trade zone strongly backed by China.
  • The 21-nation APEC also agreed to establish an anticorruption network, which China needs more than any other country.
  • Beijing is engaged in a major anti-graft crackdown but feels hampered by some countries over their visa and other moves.