China flags Apec’s role in a challenged global economy
Finance Minister Lan Foan called on Apec’s 21 members to work together to boost growth amid global economic and geopolitical challenges.
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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Also reported by 2 other outlets
- China flags APEC's role as key for a challenged global economy channelnewsasia.com
- China flags APEC's role as key for a challenged global economy economictimes.indiatimes.com
