CGTN: China Outlines Four-point Proposal for the Future of APEC
Beijing, China:
With the world and the Asia-Pacific region undergoing profound changes, China has called for joint efforts to build an Asia-Pacific community with a shared future featuring openness, inclusiveness, innovation-driven growth, greater connectivity, and mutually beneficial cooperation.
China highly values the role of the Asia-Pacific Economic Cooperation (APEC) and will continue to support the development of the organization, President Xi Jinping said on Friday when addressing the APEC Economic Leaders’ Meeting in Beijing via video link.
Established in 1989, APEC has become an important platform to facilitate economic cooperation among 21 economies in the Asia-Pacific region.
However, the region is currently facing challenges such as backlashes against economic globalization, rising unilateralism, and protectionism, as well as the fallout from the COVID-19 pandemic.
“For the first time in decades, the Asia-Pacific as a whole registered negative economic growth,” Xi said. “Protecting people’s health and reviving the economy are two formidable tasks we have to take on.”
The Chinese president outlined a four-point proposal for the future of Asia-Pacific cooperation.
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