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APEC Leaders Endorse China-Led Free Trade Zone

Asia-Pacific leaders meeting at an economic summit in Beijing have given their initial approval to a China-led free trade zone. The endorsement is seen as an achievement for Beijing, which has been pushing the Free Trade Area of the Asia-Pacific, or FTAAP, over a U.S.-led alternative. Speaking Tuesday at the end of the Asia-Pacific Economic Summit, Chinese President Xi Jinping called the support "historic." "We decided to launch the FTAAP process. It represents a...

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