Chinese President Xi Jinping delivered a keynote speech at the 26th Asia-Pacific Economic Cooperation (APEC) CEO Summit in Port Moresby, capital of Papua New Guinea (PNG), on Saturday.

During his speech, President Xi praised openness and cooperation between APEC economies, calling for a continued commitment to openness.

President Xi said that the world is undergoing major transformations and facing many challenges, and that mankind must decide between cooperation and competition.

Global growth is under the shadow of protectionism and unilateralism and we should take an inclusive approach and encourage interaction, Xi added.

This year's APEC is held in the Pacific island country of Papua New Guinea with the theme of "Harnessing Inclusive Opportunities, Embracing the Digital Future" and will run through Sunday.

Leaders and representatives from 21 member economies are expected to engage in discussions focusing on building common ground on trade to ensure economic growth, employment and better quality of life for people in the region.

Mankind has reached crossroads: Xi

Chinese President Xi Jinping said here Saturday that amid profound changes in the global landscape, mankind has reached a crossroads and is faced with critical choices.

In a keynote speech at the APEC CEO Summit in the capital of Papua New Guinea, Xi pointed out that the world is encountering changes not seen in a century and mankind has once again reached a crossroads.

He stressed that the interests of all countries and the future of mankind hinge on the choice between cooperation and confrontation, between openness and closing one's door, and between win-win progress and a zero-sum game.

Xi warns against rising protectionism, unilateralism at APEC CEO summit

Chinese President Xi Jinping warned against the rising trend of protectionism and unilateralism here on Saturday.

As he delivered a keynote speech at the APEC CEO Summit in the capital of Papua New Guinea, Xi said that only openness and cooperation can bring more opportunities and create more space for development.

He called for firm efforts to safeguard the multilateral trading system with the World Trade Organization at its core.