Full coverage: Xi Visits Ecuador, Peru and Chile, Attends APEC Summit

Full coverage: China’s Leaders

Chinese president Xi Jinping called for further building of the Free Trade Area of the Asia-Pacific on Saturday. Xi urged the Asia-Pacific leaders to get on board for more open and inclusive win-win cooperation.

Chinese President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Lima, Peru, Nov. 19, 2016. (Xinhua/Li Tao)

After the U.S-led Trans-Pacific Partnership Agreement was suspended this month, some countries, including Australia and Japan, have shifted their focus to the Beijing-backed agreement.

Xi, leader of the world’s second largest economy, said China will work with other parties to promote a strong, sustainable, balanced and inclusive growth.

In 2014, the FTAAP was officially launched in Beijing. The 21-member agreement aims to promote long-term prosperity among the member economies. The FTAAP member economies account for 60 percent of the global economy.