Chinese President Xi Jinping emphasized regional cooperation and innovation-driven growth during his address at the first session of the 32nd APEC Economic Leaders' Meeting in Gyeongju, the Republic of Korea, on Friday. The virtual gathering brought together leaders from 21 APEC member economies to discuss sustainable development and economic recovery strategies.
In his speech, Xi underscored China's commitment to fostering an open regional economy, advocating for strengthened multilateral trade systems and digital transformation. He highlighted the importance of aligning APEC's post-2020 vision with the United Nations' Sustainable Development Goals, particularly in addressing climate challenges and technological disparities.
The meeting occurred amid global economic uncertainties, with several leaders echoing Xi's call for reducing trade barriers. Analysts note China's active participation signals its continued role as a stabilizing force in Asia-Pacific economic integration, particularly through initiatives like the Digital Silk Road and green energy partnerships.
This year's APEC agenda focuses on bridging development gaps through smart infrastructure and inclusive policies – themes resonating with business leaders and policymakers navigating post-pandemic supply chain realignments. The outcomes are expected to influence discussions at upcoming G20 and COP28 summits.
