Held in the southern city of Fuzhou for the first time, the sixth APEC Small and Medium Enterprises Economic Cooper¬ation Technology Conference and Fair opened on July 1.
Founded in 1989, the Pacific Economic Coopera¬tion (APEC) organization now has 21 members with a combined population of 2.7 billion people — 45 percent of the world total.
Its small and medium enterprise (SME) technol¬ogy conference and fair is among the most influential for member economies and is the largest APEC event held in China.
The economic output of APEC economies compris¬es 55 percent of the global total, while their combined trade accounts for 46 per¬cent of the world figure.