The White House had begun making plans for a meeting on the sidelines of the summit in a bid to stabilise relations, The Washington Post reported, quoting one official as saying it "it's pretty firm".
Chinese Foreign Minister Wang Yi is expected to visit Washington at some point ahead of the APEC summit.
Beijing however has not confirmed whether Xi will attend the summit or meet with his US counterpart. The White House has also declined to elaborate on a potential meeting with Xi.
Since its inception 12 years ago, the Belt and Road Initiative (BRI) has seen more than three-quarters of the world’s countries join its cooperative efforts.
In April 2022, Chinese President Xi Jinping first proposed the Global Security Initiative (GSI) in a keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference.
Development is an enduring theme of human society and a crucial measure of progress in the modern era. For some time, the gap between the Global South and North has been widening, with challenges such as food security and energy security continuously emerging.