What is Asia-Pacific Economic Cooperation? Asia-Pacific Economic Cooperation, or APEC, is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region.
President Hu Jintao urged the world's major reserve currency nations to maintain the stability of their exchange rates, as the world's leaders vowed at the G20 summit to avoid the competitive devaluation of their currencies.
The leaders of China and the United States struck a positive note as they met in Seoul on Thursday just hours ahead of the G20 Summit opening.
Renminbi desirable for global markets
China will not agree to false solutions
Economist: Keep momentum moving Special
Chinese President Hu Jintao on Friday put forward a four-point proposal for realizing strong, sustainable and balanced growth of the world economy at the Group of 20 (G20) summit.
SHANGHAI - The Chinese yuan will remain attractive internationally due to the nation's rapid economic expansion and gradual opening-up of its capital account, officials and industry experts said.