The 2023 APEC Leaders’ Meeting wrapped up in San Francisco this week, uniting leaders from 21 member economies to tackle pressing global challenges. With themes of interconnectedness and innovation, the event spotlighted efforts to bridge economic divides—but can it truly re-energize cooperation in the Pacific Rim?
Xi’s Vision: Open Markets & Green Growth
Chinese President Xi Jinping emphasized ‘open regionalism’ in his CEO summit speech, advocating for tech collaboration, reduced trade barriers, and sustainable development. 🌱 His call for a ‘green transition’ resonated with younger audiences, aligning climate goals with economic growth.
China-U.S. Thaw?
Xi’s bilateral meeting with U.S. President Joe Biden stole headlines, hinting at potential stabilisation in cross-Pacific relations. While no major deals were announced, experts like Prof. John Gong (University of International Business & Economics) noted ‘renewed dialogue signals cautious optimism.’
Experts Weigh In
Syed Mahmud Ali (University of Malaya) praised APEC’s inclusivity efforts but cautioned: ‘Geopolitical tensions remain a hurdle.’ Meanwhile, American University’s Prof. Peter Kuznick highlighted the summit’s role as a ‘testing ground for multilateral trust.’ 💬
As APEC members navigate post-pandemic recovery and AI-driven economies, one question lingers: Can teamwork outpace rivalry? Stay tuned. 🔍
