China flags APEC's role as key for a challenged global economy
During the opening of the APEC Finance Ministers' meeting in Hong Kong, China's Finance Minister Lan Foan highlighted the importance of the APEC forum for promoting economic cooperation. He urged the 21 member countries to work together in addressing global economic challenges, stressing collaboration in sectors such as artificial intelligence, the digital economy, and green initiatives. Lan…
China's Finance Minister Lan Foan has emphasized the crucial role of the APEC (Asia-Pacific Economic Cooperation) forum in aiding the global economy during a period of significant challenges and upheaval. Speaking at the commencement of the APEC Finance Ministers meeting in Hong Kong on Tuesday, Oct 20, Lan underscored APEC's growing importance as an engine of global economic expansion.
He asserted that the 21-member Pacific Rim group, comprising the United States, Japan, Russia, and other nations, must collaborate more closely to stimulate growth.
Lan specifically called for heightened cooperation in the realms of artificial intelligence, the digital economy, and green sector development. He argued that these collaborative efforts could generate new avenues for economic growth. Simultaneously, he reiterated China's commitment to ongoing economic reforms, though he refrained from providing further details on the nature of these reforms.
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- China flags Apec’s role in a challenged global economy freemalaysiatoday.com
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