President Lee Jae Myung has said that South Korea needs China's "constructive" role in resolving the nuclear issue on the Korean Peninsula as Chinese President Xi Jinping was set to arrive in South Korea for the Asia-Pacific Economic Cooperation (APEC) gathering.

Banners are seen in the streets of Gyeongju, the Republic of Korea, before the upcoming Asia-Pacific Economic Cooperation Economic Leaders' Meeting. ZHANG YUNBI/CHINA DAILY China and the Asia-Pacific Economic Cooperation forum share much in common.

U.S. President Donald Trump and Chinese President Xi Jinping will meet on Thursday in Busan, South Korea, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. Markets hope they will agree to dial down trade tensions that have hurt the outlook for global growth and fuel demand.

The two heads of state representing the two most powerful economies in the world are set to meet face-to-face within the next few hours.

At a session titled "Global Economic Issues and Challenges", OECD Secretary-General Mathias Cormann urged APEC members to use the meetings to resolve trade tensions through dialogue, warning that policy uncertainty has dampened growth, raised costs and weakened investment.

South Korea’s new president is hosting the Asia-Pacific Economic Cooperation summit, bringing together leaders from 20 countries, including the United States and China, whose leaders are set to hold a

GT: South Korea is also trying to maintain balance amid US-China competition. How can APEC serve as a multilateral platform for Seoul to maintain this balance and how will Seoul leverage such a platform?

South Korea's ties with China are at a critical juncture of "either advancing or retreating," China's top envoy to South Korea said Wednesday, ahead of Chinese President Xi Jinping's visit to the South for the Asia-Pacific Economic Cooperation (APEC) summit.