Do I need a visa with an APEC card

The chinese embassy website says:

4. Holders of Valid APEC Business Travel Card

The APEC Business Travel Card is a substitute of a multiple entry permit valid for 3 years. A card holder who presents a valid passport whose image and biometric data exactly matches that on the APEC Business Travel Card can enter China multiple times during the validity of the card for a stay of no more than 2 months each time.
Please advise if I need an entry permit.