Live Trading News
Shayne Heffernan

China Leads Diplomacy at APEC

By Shayne Heffernan2 min read

China was the star at APEC promoting free trade and opposing the imperialistic push the US continues to make in Asia.

Chinese President Xi Jinping said here Saturday that free and open trade and investment is among the purposes and principles of the Asia-Pacific Economic Cooperation (APEC) and an important pillar in the realization of the Putrajaya Vision 2040.

Xi made the remarks when he continued to attend the 29th APEC Economic Leaders' Meeting, which focused on discussions over sustainable trade and investment. The president stressed the importance of the following:

First, upholding true multilateralism and defending the multilateral trading system. More should be done to safeguard the rules-based multilateral trading system, keep global industrial and supply chains secure and stable, foster an open, fair and non-discriminatory trade and investment environment, and strive for the early realization of a comprehensive, high-standard Free Trade Area of the Asia-Pacific.

Second, upholding inclusiveness for the benefit of all. More attention should be paid to inclusive development. Efforts are needed to build a regional economic cooperation architecture featuring equal-footed consultation, joint participation and shared benefits, and foster a big Asia-Pacific market that delivers benefits to all, so that all economies could grow together through interconnected development and carry out win-win cooperation through complementarity.

China has put forward initiatives on revitalizing rural areas, supporting small and medium-sized enterprises that use special and sophisticated technologies to produce novel and unique products, and advancing economic inclusion through trade and investment. They are aimed at spreading the dividends of development and innovation among more people, and facilitating the inclusive and sustainable development of all in the Asia-Pacific.

Third, upholding open regional cooperation for the prosperity of the Asia-Pacific. It is important to take greater initiative to open up and raise the level of regional economic cooperation in all respects. China will not waver in its commitment to high-standard opening up. China will open its door still wider.

The fifth China International Import Expo held recently is yet another demonstration of China's firm resolve to support free and open trade and to open its market to the world. China will do more to import quality goods and services and create more market, growth and cooperation opportunities for the world.

The meeting issued the 2022 APEC Economic Leaders' Declaration and the Bangkok Goals on Bio-Circular-Green Economy.

Keep reading
KXCO

What KXCO Is, and Why the Hard Problem Was Never Intelligence

The prevailing enthusiasm assumes the hard problem is intelligence. It is not. It is that banks, hospitals, courts and governments are being asked to let software act on their behalf with no way to establish who decided, on what basis, or whether the record will still read in a decade. KXCO founder Shayne Heffernan sets out the architecture that answers those questions, drawn as a graph, and argues that properly constructed AI is an amplifier of human judgement rather than a replacement for it.

Shayne Heffernan22 min
AI accountability

AI Intelligence Scales. Accountability Does Not. Why KXCO Is Built for It.

Capability is becoming abundant and everything abundant gets cheap. What does not get cheap is the person who has to sign, and they can only carry what they can see. Four conditions follow from that, and four independent authorities reached the first of them last month without knowing it.

Shayne Heffernan5 min
AI slop

AI is the Neat Handwriting of the Illiterate

A model in the hands of someone who has read the filing and walked the plant is a clerk. The same model, speaking for someone who has done neither, is a disguise. On AI slop, phantom citations and factslop, why finish stopped being evidence of work, and the containment layer KXCO built so a machine cannot speak as the institution until a source is attached.

Shayne Heffernan19 min
worthship

Worthship: Do Not Conform to the Age

Worthship is the older English word for worship, and it means to ascribe worth. Bishop Robert Barron preached Romans 12 on 30 August. This essay follows the text into the prison letters, and puts two questions to a graph: do the four readings of that Sunday agree, and was Paul free or in chains when he wrote about despair?

Shayne Heffernan17 min
Read Live Trading News on Telegram

Every story, signed and delivered.

Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.

Open @KnightsbridgeInsightsNo email required.