After days of behind-the-scenes lobbying by U.S. officials, Chinese President Xi Jinping agreed, as a gesture of diplomacy, to take a question at a news conference with President Obama. His answers, after being put on the spot Wednesday, were anything but diplomatic.

China will contribute $40 billion to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced on Saturday, the latest Chinese project to spread the largesse of its own economic growth.

U.S. President Barack Obama and Chinese President Xi Jinping are preparing for their most important series of meetings since the Sunnylands summit in June 2013 in California. (...) Since many of the differences will not disappear any time soon, China and the United States should focus more on expanding cooperation; when cooperation expands, it helps the two to manage and control their differences. 

APEC can take global leadership with a practical, comprehensive approach—call it a “Pacific Economic Partnership” for global growth, or PEP for short. This would consist of concrete, achievable components, many already in the works. It’s the closest thing APEC has to a shovel-ready growth strategy, but it requires both U.S. and Chinese leadership.

In 2013, Indonesia hosted the Asia Pacific Economic Cooperation (APEC) leadership meeting. Established in 1989, APEC has 21 member states that are committed to promoting trade and economic cooperation in the region. The summit was overshadowed by the absence of President Obama, who canceled his trip to manage the partial U.S. government shutdown.

A picture spoke volumes about the United States' loss of global prestige and influence due to the shutdown of its government in a partisan standoff over the federal budget and debt. Chinese President Xi Jinping and Russian President Vladimir Putin beamed front and centre in the family photograph of Asian leaders at last week's Asia-Pacific Economic Cooperation (APEC) summit in Bali.

After declaring the nation “open for business,” Australian Prime Minister Tony Abbott has set a target of achieving free trade deals with China, Japan and South Korea within just 12 months. Can the recently elected leader succeed where his predecessors failed? Having stated at the APEC summit in Bali that he wished to swiftly conclude eight years of negotiations with China, Abbott told reporters at last week’s East Asian Summit in Brunei that he was adding the nation’s second and third-biggest trading partners to the target list.

Prime Minister Stephen Harper arrived in Bali for an Asia-Pacific leaders’ summit Sunday bearing what could be called a $36-billion vote of confidence from Malaysia’s state-owned oil and gas company. Malaysian Prime Minister Mohd Najib sprung the “gargantuan” investment figure during a joint availability with Harper in Putrajaya, saying Malaysia’s state-owned oil and gas company Petronas has committed to construction of a liquid natural gas plant in British Columbia and the pipeline to feed it.