The leaders had their first group photo there. Then They soon attended a meeting chaired by Jiang Zemin, at which the schedule of the APEC Economic Leaders' Meeting was briefed.

Chinese President Jiang Zemin extended his warm welcome to the leaders of APEC member economies upon their arrival at ICC.

Later on, President Jiang presided over a dialogue between economic leaders of the Asia-Pacific Economic Cooperation (APEC) and the APEC Business Advisory Council (ABAC) members.

Jiang delivered a speech at the dialogue, expressing his welcome to the ABAC members to attend the meeting in Shanghai and thanked them for the work of the council over the past year.

Jiang said that the ABAC is an important channel for the industrial and commercial sectors to participate in the process of the APEC, ensuring the leaders to keep closer contact with the industrial and commercial sectors. To strengthen the role of the council is an important means to ensure the APEC to keep pace with the times and maintain its vitality, he said.

The annual dialogue is a rare opportunity for the leaders and the members of the council to talk face to face and thus the two sides could discuss the prospects of the cooperation and development of the APEC from different angles of view, Jiang said.

(Edited by Xiao Wei for china.org.cn according to reports of Xinhua News Agency and China Daily 10/20/2001)