APEC Fails To Reach Consensus As U.S.-China Divide Deepens

APEC Fails To Reach Consensus As U.S.-China Divide Deepens

APEC Fails To Reach Consensus As U.S.-China Divide Deepens

But by Sunday night, it was increasingly hard to see the summit meeting as anything but a continuation of hostilities.

Japan, Australia and New Zealand will join the U.S.in funding the program in Papua New Guinea, as reports emerged of tension over the wording of a final statement to be issued at the end of an Asia-Pacific Economic Cooperation (APEC) summit in the capital of Port Moresby.

The 21 nations at the Asia-Pacific Economic Cooperation summit in Port Moresby struggled to bridge differences on the role of the World Trade Organisation, which governs worldwide trade, officials said.

It was later abandoned - the first time in the 30-year history of the Asia Pacific Economic Co-operation (Apec) that no communiqué has been issued.

APEC leaders divided after US, China spat

On how to make progress on the China-US trade war - which he called a very complicated and hard issue - Mr Lee told Singapore media that it becomes very hard to solve if viewed as "a manifestation of a fundamental contradiction between two countries". China, meanwhile, wanted a reaffirmation of opposition to protectionism and unilateralism that it says the U.S.is engaging in.

US Vice-President Mike Pence later said he was prepared to "more than double" the tariffs imposed on Chinese goods.

Since that time the United States has initiated a trade war with China in an effort to close the US$375 billion trade deficit between the two sides.

The collapse of the summit, staged in impoverished Papua New Guinea at a cost of hundreds of millions of dollars, much of it covered by China, followed duelling speeches from President Xi of China and Mike Pence, the USA vice-president.

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Pence also mocked China's Belt-and-Road initiative, under which China offers loans to poorer countries in the region to improve infrastructure. "Those matters can be raised at the World Trade Organisation", he said.

U.S. President Donald Trump did not attend the meeting and nor did his Russian counterpart, Vladimir Putin.

U.S. Vice President Mike Pence said it shows how strongly the U.S. and its allies are committed to the region.

"China has an honored place in our vision of a free and open Indo-Pacific, if it chooses to respect its neighbors' sovereignty, embrace free, fair, and reciprocal trade, and uphold human rights and freedom".

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Mike Pence sounded far more aggressive on the trade issue over the weekend, where the differences between the USA and China was laid bare at the Asia Pacific Economic Co-operation meeting, as Xi and Pence, sparred over trade and security.

Chinese foreign ministry official Zhang Xiaolong denied the incident, telling reporters: "It's not true".

China is a relative newcomer to providing aid, and its loan-heavy, no-strings attached approach has unsettled Western nations that have been the mainstay donors to developing nations and often use aid to nudge nations towards reforms.

"Police were posted outside the minister's office after they tried to barge in", one source privy to summit negotiations told the AFP news agency, requesting anonymity.

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The development came as Prime Minister Lee Hsien Loong said China and the United States have to realise they must accommodate each other for an ongoing trade war between both powers to be resolved.

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