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Landmark

The APEC Beijing meetings will be remembered as a landmark in the history of APEC and China. It is one of the largest and most fruitful meetings for APEC economies, while it is the most important and significant diplomatic event held by China in recent years.

M

Maritime

The APEC Beijing meetings served as a platform for maritime issues. Among the four-point principled agreement reached between China and Japan was the acknowledgement of their "different positions on the Diaoyu Islands." Chinese and Vietnamese leaders pledged to handle maritime issues through dialogue and consultation. Leaders of China and the Philippines held a short conversation, in which disputes in the South China Sea was discussed.

The development of maritime economy was also high on the APEC meetings' agenda.

N

New normal

In his speech at the APEC CEO Summit, Chinese President Xi Jinping, for the first time, sketched out a full picture of the Chinese economy's "new norm", which was characterized by "medium-to-high speed growth", "constantly improved and upgraded economic structure" and "increasingly driven by innovation instead of input and investment."

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Opportunities

In the wake of the global financial crisis, the APEC leaders have pinned down five areas for future growth, including economic reform, new economy, innovative growth, inclusive support and urbanization.

P

Partnership

Partnership was the APEC buzzword.

"Shaping the Future Through Asia-Pacific Partnership" was the most comfortable common ground all APEC members could agree on. In a region home to the world's top three economies and other traditional powers, partnership acquired a new definition: "Those who share the same ideal and follow the same path can be partners. Those who seek common ground while shelving differences can also be partners."

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Quarter of century

Twenty-five years ago, APEC was born in Canberra in the dying light of the Cold War. Under its auspices, the Asia-Pacific region has evolved from a geographic concept into a global economic engine that accounts for 40 percent of the world's population, 57 percent of GDP, and 48 percent of trade value. The APEC Beijing meetings are set to herald a new era for APEC and Asia-Pacific.

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Reform

Reform was on the agenda of the APEC Beijing meetings. All APEC economies, most of which are faced with growth bottlenecks, agreed that reform was a key tool to resort to in securing a successful post-global crisis era.

APEC itself also needs reform to improve.

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Silk Road Fund

China will contribute 40 billion U.S. dollars to set up a Silk Road Fund.The money will be used to provide investment and financing support for infrastructure, resources, industrial and financial cooperation, and other projects related to connectivity for Asian countries.