China Commerce Ministry: Hopes US will contribute positively to WTO reforms

China's commerce ministry was out with some comments in the last hour, saying that APEC's failure to reach agreement on WTO reforms is because some countries insist on their own interests and damage that of others.

Key quotes:

   •  WTO faces deep challenges in dispute resolution mechanism.
   •  Challenges include some WTO member abusing measures to increase tariffs.
   •  China hopes US will contribute positively to WTO reforms.
   •  G-20 members will have effective discussions at the summit.
   •  Voice support for multinationalism and WTO reforms.