World leaders are heading to South America for two major meetings: APEC in Peru and G20 in Brazil.

At APEC, Asia-Pacific leaders meet for the first time since the US elections, with China in the spotlight.

Amid US policy shifts, China remains a stabilizing force shaping key global agendas, including trade liberalization, digital economy growth, and sustainable development.

APEC members account for nearly half of global trade. It's a key moment for multilateralism and a multipolar world.

Leaders will also be navigating new relationships following a blockbuster year of elections in 2024.