Xi Jinping promotes investment in Peru as Albanese calls for global cooperation at APEC summit
Chinese President Xi Jinping is in Peru for the APEC summit, promoting a multi-billion-dollar investment strategy to strengthen ties with Latin American nations. This comes as former U.S. President Donald Trump threatens to isolate the U.S. economically. Australian Prime Minister Anthony Albanese is also attending the summit, urging global cooperation amid rising tensions. He emphasized the importance of working together to address challenges like inflation and the energy crisis exacerbated by Russia's actions in Ukraine. Albanese is positioning Australia as a reliable partner for trade and clean energy, especially if Trump follows through on his climate policy threats. He aims to secure a meeting with Xi at the upcoming G20 summit in Brazil.