Welcome to TOPLive. Peru is the host for this year’s APEC CEO Summit, which features business leaders and heads of state, running alongside the Asia-Pacific Economic Cooperation gathering of government officials. Join us starting at 9 a.m. New York and Lima time for the latest news and analysis.

In the message delivered by the Minister of Commerce of the People’s Republic of China, it was noted that rampant protectionism and the fragmentation of the global economy could reverse economic globalization.

With Donald Trump's imminent return to the U.S. presidency looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Chinese President Xi Jinping said on Friday that unilateralism and protectionism needed to be rejected in favour of economic globalization.