Xi offers vision of 'Asia-Pacific dream'

China's president offered the world a vision of an "Asia-Pacific dream" on Sunday, saying China's economy will bring huge opportunities and benefits to the region and the world.

"The prospect for development of our region hinges on the decisions and actions we take today, "Xi Jinping told the Asia-Pacific Economic Cooperation CEO Summit. "We are duty-bound to create and fulfill an Asia-Pacific dream for our people."

The region is facing various challenges, including the lingering impacts of the international financial crisis, a fragile recovery in some economies and the daunting tasks of raising economic equality and efficiency, he told a gathering of at least 1,500 businesspeople from 21 APEC member economies and 17 other countries and regions.