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China and four ASEAN nations have competing claims in the South China Sea.
Even as Western statements are fueling fears of a return to all-out conflict, Beijing stresses on political solution.
This is the first time China has agreed to peak its CO2 emissions.
The FTAAP will add an estimated $2.4 trillion to the global economy, says a new survey.
Trade ties have seen a downward spiral, affected by the strain in political relations.
Australia-China bilateral trade exceeded a whopping $150 billion in the last financial year.
Deals inked include agreement on delivery of Russian natural gas to China via the western route.
Xi said the goal of the Fund is to "break the bottleneck in Asian connectivity by building a financing platform."
The US was trying to block China’s efforts at introducing the Asia Pacific FTA negotiations, says media reports.
China has blamed Japanese Premier Shinzo Abe's "hard-line behaviour" on territorial disputes for the chill.
