Apec members urged to ensure stability, resilience
Minister of Finance Lan Foan on Tuesday called on Asia-Pacific economies to maintain economic stability in the region while enhancing resilience. The mainland official delivered the opening remarks for the Apec Finance Ministers' Meeting, which was held in Hong Kong for the first time. He said amid the changing global landscape and geopolitical conflicts, as well as a new round of technological…
Asia-Pacific economies were urged by Minister of Finance Lan Foan to ensure stability and resilience in the region during the inaugural Apec Finance Ministers Meeting in Hong Kong. Amidst the evolving global landscape, geopolitical conflicts, and rapid technological advancements, the region plays a crucial role in global economic growth.
To maintain economic and financial stability, Lan advocated for enhanced macroeconomic policy dialogue among Apec members, strengthening their own policies and improving communication and coordination. He emphasized the need to accelerate economic transformation to enhance resilience, seizing opportunities in digital and green transformation, and advancing innovative cooperation in artificial intelligence, digital economy, and green development.
Lan also called for deepening financial cooperation and creating an open regional economic environment. Initial progress was reported on four key topics: people-centric policies, digital infrastructure financing, financial inclusion, and professional exchange. Apec senior officials meeting chair Chen Xu highlighted numerous meetings and events held under this year's framework, with member economies achieving practical results and building consensus for a prosperous Asia-Pacific community.
The world economy faces turbulence and change, with unilateralism and protectionism rising, and supply chains adjusting rapidly. Strengthening macroeconomic communication and coordination, along with utilizing financial tools, is vital for maintaining stability and promoting regional integration.
Written by urgent.news from RTHK News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
