Apec summit fails to agree on statement amid US-China spat

Xi Jinping and Mike Pence trade barbs in their speeches in Papua New Guinea

Asia-Pacific leaders failed to bridge gaping divisions over trade at a summit dominated by a war of words between the US and China as they vie for regional influence.

For the first time, Apec leaders were unable to agree on a formal written declaration, amid sharp differences between the world’s top two economies over the rules of global trade.

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Related: ‘Can they really pull it off?’: the Apec summit comes to Papua New Guinea

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Read the original at Economics | The Guardian.