【正确答案】

APEC and China

The Asia-Pacific Economic Cooperation(APEC), founded in November 1989, is a regional economic organization for inter-governmental cooperation in Asia and the Pacific rim. Its activities focus on three key areas: trade and investment liberalization, business facilitation, and economic and technological cooperation. APEC occupies a pivotal position in global economic activities.
APEC currently has 21 members. China(mainland), together with its Hong Kong Special Administrative Region and Taiwan region, joined the organization in 1991. APEC provides China with an arena in which to participate in regional and international economic activities, and also helps propel the process of China's opening-up to the outside world.
The APEC membership has influenced China in several respects. First, it has helped China to extend its economic interests in the Asia-Pacific region. China's foreign economic interests mainly lie in this region, for 80% of China's trade is conducted with, and 90% of the foreign capital in China comes from, countries and regions in Asia and the Pacific rim. Through APEC, China is able to join hands with its fellow members in achieving common development of this region, thus making contribution to the economic development of both China and the Asia-Pacific region.
This regional forum also enables China to exchange ideas with the other members in policy matters. The annual informal meeting of the leaders provides not only a relaxed channel through which China and other members get to know each other better, but more importantly an opportunity for China to make known its foreign policy and disseminate information relating to its opening-up to the outside world and its domestic reform, thus vigorously promoting the overall development of China's economy.
As the largest developing country in APEC, China has, adhering to the principles of respecting equality and mutual benefit, reaching consensus through consultation, seeking common ground while reserving differences and emphasizing initiative and free will and persisting in the policy of laying equal emphasis on trade and investment liberalization and economic and technological cooperation, taken part in the various activities organized by APEC in an all-round way and played an active role in accelerating the process of cooperation in the Asia-Pacific region since it became a member of APEC in 1991.