It is reported that heads of APEC members, chief executive officers (CEOs) from all over the world started meeting in Nusa Dua Bali of Indonesia on Sunday. According to Wisnu Wardhana, chairman of the summit, over 1,200 CEOs and 10 head of members took part in the APEC CEO Summit. Due to the absence of American President Obama, Chinese President Xi Jinping undoubtedly became the centre of attraction because everyone is curious about whether the new president would bring new phenomenon to China.

In Monday, Chinese President Xi Jinping said that his country will deepen reform and opening-up in all respects, as Chinese economy has entered a new stage of development. Xi was showing a huge confidence about the future of Chinese economy. Xi not only puts emphasis on exploring domestic developments, but also he devotes to seeking further cooperations with other Asian countries. With the steady improvement of China’s economy development, China seems to gradually replace US to become the leader of in Asia. At the same time, US is suffering both internal and external problems. It is worth for US thinking about how to stabilize its leading position in Asia.

http://europe.chinadaily.com.cn/business/2013-10/06/content_17011198.htm