► While critics tend to dismiss APEC citing its non-binding nature, the platform has shown to have significant implications for regional economy and economic governance.

► As the host, the US is advancing the cooperation under the theme of “Creating a Resilient and Sustainable Future for All”, reflecting the continuity of the grouping’s cumulative effort over the years to realise the Putrajaya Vision 2040.

► On the sidelines, several bilateral gatherings, including the one between Biden and Xi, deserve to be watched. They can inform us about current international dynamics and their stances towards global commons management.