The US successfully staved off China's efforts to accelerate the creation of a Free Trade Area of the Asia Pacific on Saturday, as Washington seeks to complete the creation of a Trans-Pacific Partnership trade agreement that currently excludes China.
Beijing, however, successfully lobbied foreign and trade ministers at this month's Apec summit to agree to the creation of a regional network that will help track and hunt down corrupt officials and their assets. Chinese president Xi Jinping has launched the country's most aggressive anti-corruption campaign, with the apprehension of officials who flee abroad a key priority.
The two initiatives will be submitted to Apec member nations' top leaders, including US president Barack Obama, in a two-day meeting that opens in Beijing on Monday.
Chinese foreign minister Wang Yi and trade minister Gao Hucheng hailed the commitment to launch a "collective strategic study" concerning an Asia Pacific free trade area, better known as FTAAP. "The meeting reached consensus on a Beijing road map on FTAAP and agreed to launch and promote this process in a systematic way," Mr Gao said.