As the APEC CEO summit, featuring heads of state from around the world, draws to a close, we hear that global growth is too weak and that Asia Pacific leaders intend to try to boost trade with ‘prudent’ economic policies. While President Obama’s absence has raised concerns that the 12-country Trans-Pacific Partnership may miss its deadline for outlining a trade deal, leaders say they are keen to make negotiations productive.
Meanwhile, Terry Gou, the Foxconn boss, outlined his innovative strategy for the company and announced plans to launch a mobile phone manufacturing centre in Indonesia. AirAsia chief Tony Fernandes, on a panel with DHL’s Frank Appel, used the stage to recommend AirAsia Cargo instead of DHL. “We are much cheaper,” he laughed.