Against the ancient backdrop of Gyeongju, South Korea, leaders from across the Asia-Pacific gathered this week to chart a course for the world’s most dynamic economic region. With geopolitical tensions simmering and global growth slowing, Chinese President Xi Jinping’s five-point roadmap for collaboration stole the spotlight 🚀.
At the 32nd APEC Economic Leaders’ Meeting, Xi called for:
- Protecting multilateral trade systems
- Boosting regional economic openness
- Stabilizing supply chains
- Accelerating green/digital trade
- Promoting inclusive development
📈 The IMF backs the vision: Asia-Pacific growth is projected to hit 4.5% by 2025, driving 60% of global expansion. "This region remains the world’s growth MVP," said IMF Asia director Krishna Srinivasan.
Why it matters: From ASEAN to the RCEP trade bloc (which covers 30% of Earth’s population!), the Asia-Pacific has thrived by breaking barriers, not building walls. As tech wars and tariffs test globalization, China’s push for shared prosperity offers a lifeline – and a reminder that cooperation built this economic powerhouse 🌐.
Reference(s):
Openness and inclusiveness: The right path forward for Asia-Pacific
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