Monday 10 December 2018
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China downplays failure to reach APEC joint statement

BEIJING, China--- Beijing on Monday downplayed the unprecedented fallout from this year s APEC summit, which for the first time ever failed to issue a joint statement after US-China trade tensions boiled over. Clashes between the world s top two economies over the rules of global trade blocked agreement on a formal written declaration by the 21 nations represented at the Port Moresby meeting. Washington had pressed for leaders to issue what amounted to a denunciation of the World Trade Organization and a call for its wholesale reform --- a step too far for Beijing, which would likely suffer in the event of any change to trade rules. But China on Monday chose instead to focus...

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