China’s Xi pushes for global AI body at APEC in counter to U.S.

China’s Xi pushes for global AI body at APEC in counter to U.S.


Chinese President Xi Jinping took center stage at a meeting of APEC leaders on Saturday to push a proposal for a global body to govern artificial intelligence and position China as an alternative to the United States on trade cooperation.

The comments were the first by the Chinese leader on an initiative Beijing unveiled this year, while the United States has rejected efforts to regulate AI in international bodies.

Chinese President Xi Jinping.

Sergey Bobylev | Via Reuters

Xi said a World Artificial Intelligence Cooperation Organization could set governance rules and boost cooperation, making AI a “public good for the international community”.

In remarks published by the official news agency Xinhua, Xi added, “Artificial intelligence is of great significance for future development and should be made for the benefit of people in all countries and regions.”

Chinese officials have said the organization could be based in the commercial hub of Shanghai.

U.S. President Donald Trump did not attend the APEC leaders’ summit in the South Korean city of Gyeongju, flying back to Washington directly after a meeting with Xi.

The two leaders’ talks yielded a one-year deal to partially roll back trade and technology controls that had spiked tension between the world’s two biggest economies.

In Trump’s absence, analysts had expected Xi to use the APEC meeting to promote China as champion for its own brand of multilateral cooperation on trade and economic development.

While advanced chips made by California-based Nvidia are central to the AI boom, China-based developer DeepSeek has rolled out lower-cost models taken up by Beijing in a push for what it calls “algorithmic sovereignty.”

Nvidia CEO Jensen Huang listens to a reporter's question during a press conference at the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea.

Nvidia’s Huang downplays concerns over selling AI chips to Beijing: It has ‘plenty’ of its own

Xi also urged APEC to promote the “free circulation” of green technologies, a cluster of industries from batteries to solar panels that China dominates.

APEC members approved a joint declaration and pacts on AI and the challenge of ageing populations at the meeting.

China will host the 2026 APEC summit in Shenzhen, a major hub for manufacturing, from robotics to electric car production.

Xi said the city of nearly 18 million had been a fishing village until it boomed as one of China’s first special economic zones in the 1980s.

APEC is a consultative forum of 21 nations representing half of global trade.



Source

A timeline of how the Iran war shook oil prices — and what comes next 
World

A timeline of how the Iran war shook oil prices — and what comes next 

Alexander Manzyuk | Reuters Oil markets have lurched from panic to relief and back again since the outbreak of war in the Middle East, with markets bracing for further volatility. Prices surged more than 55% since the start of the war, with Brent crude jumping from around $72 a barrel on February 27 to nearly […]

Read More
Citi spells out 3 scenarios for the Strait of Hormuz — and where oil prices would go in each
World

Citi spells out 3 scenarios for the Strait of Hormuz — and where oil prices would go in each

Oil prices could soar to $130 a barrel by the end of June if flows through the Strait of Hormuz remain disrupted, as Citi analysts outlined a number of possible scenarios facing oil markets. An oil market recovery hinges upon the full reopening of the strait, according to Citi analysts, ahead of Tuesday’s deadline for […]

Read More
Why the timing of Apple’s CEO change could mean a good earnings report is around the corner
World

Why the timing of Apple’s CEO change could mean a good earnings report is around the corner

The timing of Tim Cook’s departure from Apple spells good things for the company’s fiscal second-quarter earnings report, set to be released on April 30, Wall Street analysts are buzzing. Apple announced Monday that Cook is stepping aside to become executive chairman and that Apple’s senior vice president of hardware engineering John Ternus will take […]

Read More