South Korea hosted the 32nd Asia-Pacific Economic Cooperation (APEC) Summit, with the primary goal of boosting connectivity and economic growth in the region. In addition to seeking to strengthen economic cooperation, under the slogan 'Building a Sustainable Tomorrow', the bloc encouraged development through innovation. The event was attended by Chinese President Xi Jinping, who affirmed that international economic and trade rules need to be updated to reflect changing times and protect the legitimate interests of developing countries. Xi also highlighted the need to work together to build an open economic environment for the benefit of the region.

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