Chinese President Xi Jinping delivered a powerful message at the 31st APEC Economic Leaders' Meeting in Peru, calling for an 'inclusive, balanced, and green' global economy. Against growing geopolitical tensions, Xi emphasized collective responsibility among Asia-Pacific members to tackle challenges like protectionism and climate change. 🌱 'Economic globalization remains unstoppable,' he declared, positioning China as a key driver of regional stability.
Reforms & Partnerships: Opening Doors Wider
China's push for upgraded trade deals took center stage. The newly signed China-Peru FTA upgrade and ongoing talks for the China-ASEAN FTA 3.0 aim to supercharge cross-border commerce. 💼 With initiatives like the Regional Comprehensive Economic Partnership (RCEP) and bids to join the CPTPP and DEPA, China is reshaping supply chains from tech to healthcare. The World Openness Report 2024, released at the Hongqiao Forum, added urgency—global openness levels dropped for the first time in years.
From Poverty Alleviation to BRI: Growth For All
Highlighting China's domestic success in lifting 800 million people out of poverty, Xi stressed that 'true development means common prosperity.' 🌍 The Belt and Road Initiative (BRI) continues this mission abroad: the newly launched Chancay Port in Peru (opened via Xi's virtual link-up) will boost regional trade networks. 'We need development where no one is left behind,' Xi told APEC CEOs, framing China's approach as a blueprint for equitable progress.
