China will host the Asia-Pacific Economic Cooperation (Apec) meeting in its southern city of Shenzhen in November next year. The announcement was made on Saturday by Chinese President Xi Jinping as world leaders wrapped up this year's Apec meeting,

South Korea and China signed seven memorandums of understanding (MOUs) on Saturday, including currency swaps and joint responses to online scams, to broaden cooperation in practical areas, the presidential office said.

Taiwan's representative to the APEC summit, Lin Hsin-i, said on Saturday he and U.S. Treasury Secretary Scott Bessent discussed supply chains and semiconductors during a meeting on the sidelines of the event in South Korea.

China will host the 2026 Apec summit in the southern city of Shenzhen, underscoring Beijing’s bid to showcase its innovation and technological prowess.

The President is expected to underscore multilateralism, peace and economic cooperation at the Asia-Pacific Leaders' Summit in South Korea, his penultimate international engagement for this year.

Chinese President Xi Jinping arrived in South Korea on Thursday to attend the Asia-Pacific Economic Cooperation (APEC) summit and hold talks with South Korean President Lee Jae Myung and U.S. President Donald Trump on high-profile issues ranging from tariffs to security.