China accepts APEC 2014 chairmanship

Nusa Dua, Bali (ANTARA News) - China has officially accepted the chairmanship of the 2014 Asia-Pacific Economic Cooperation (APEC) meetings and the administration of the capital city Beijing would develop infrastructure to support the event, said an official.

The director general of China`s foreign ministry for Beijing region, Zhao Huimin, said on Tuesday that China, as the host of APEC 2014 and the world`s second largest economy, has started its preparations. He assured the public that the facilities to be provided will meet international standards like in Indonesia this year.

"Preparations are continuously being made. The website has also been completed and other facilities are being prepared according to international standards," he said.

The Chinese delegation earlier said activities of the APEC 2014 would include the APEC CEO Summit, the APEC Business Advisory Council (ABAC) meeting, the China-APEC forum, APEC forum for small and medium sized businesses, APEC forum for young entrepreneurs, and a discussion forum for ministers from relevant sectors and businessmen.

China said at the APEC CEO summit this year, its delegation was the biggest, totalling 200 out of 1,200 business leaders present.

Next year, the APEC Business Council would be immediately established to involve more Chinese businessmen.

Huimin said he cannot disclose the details of China`s economic agenda at APEC 2014.

However, it has been reported that discussions on China`s detailed agenda for APEC 2014 would commence after the APEC 2013 in Indonesia and it would be consolidated with other APEC economies.

Besides Beijing, Hong Kong has also been touted as the host of the APEC Financial Ministers Meeting in September 2014. (*)