APEC should play leading role in maintaining open world economy: Xi

Chinese President Xi Jinping said in Bali on Monday that the Asia-Pacific Economic Cooperation (APEC) should play a leading role in maintaining and advancing an open world economy.  [Special coverage]

Noting that the world economy is still confronted with daunting challenges before achieving full recovery and sound growth, Xi said APEC must face them head-on with courage and resolve.

APEC "should play a leading and coordinating role in maintaining and advancing an open world economy, and in making sure that the Asia-Pacific continues to serve as an engine for global economic recovery," Xi said in a keynote speech at the APEC economic leaders' meeting.

APEC leaders kicked off a two-day gathering on Monday in the Indonesian resort island of Bali, with sustainable growth and regional cooperation high on the agenda.