APEC China's role to revitalize Asia-Pacific economy
The Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen, China, scheduled for Nov. 18-19, should serve as an event to revive the Asia-Pacific's economic dynamism and unlock the region's enormous potential. In the artificial intelligence (AI) era, regional economic security and supply-chain resilience will help determine global prosperity. High tariffs and technological rivalry make…
The upcoming APEC summit in Shenzhen, China, from November 18-19, aims to revitalize the Asia-Pacific economy and tap into its vast potential. With the advent of artificial intelligence, regional economic security and robust supply chains will be pivotal in driving global prosperity. High tariffs and technological competition necessitate urgent cooperation.
Korea should build upon the achievements of APEC Gyeongju to ensure Vietnam's successful chairmanship in 2027. In 2024, APEC's 21 member economies contributed to roughly 61% of global gross domestic product, 46% of trade in goods and services, and 37% of the world's population, which amounts to nearly 3 billion people. Their strengths lie in technology, finance, manufacturing, consumer markets, and natural resources.
The rise of AI, robotics, clean energy, and digital services presents growth opportunities that hinge on stable supplies of semiconductors, computing power, minerals, and electricity. Ensuring diversified sourcing and stable policies can bolster resilience and broaden market access for smaller economies.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- APEC China's role to revitalize Asia-Pacific economy koreatimes.co.kr
