Hey folks! 🌏 At the 32nd APEC Economic Leaders Meeting in Gyeongju, President Xi Jinping laid out a five-point plan to build a more open, green and inclusive Asia-Pacific economy. Here is the lowdown:
- 1. Protect global trade rules 🤝 – Keep the WTO strong, stick to fair trade basics and update rules for today’s digital era so everyone plays by the same playbook.
- 2. Open up the region 🔓 – Push for easier trade and investment, align big deals like RCEP and CPTPP, and fast-track regional integration.
- 3. Secure supply chains 🛠️ – Stay connected, not cut off. Boost physical links and people to people ties so goods and ideas flow smoothly.
- 4. Go digital & green 💻🌱 – Use tech to power paperless trade, smart customs and green industries. China is already setting the pace with its e-port network.
- 5. Foster inclusive growth ✨ – Focus on people, close development gaps and make sure smaller economies get a fair shot. Zero tariffs for the least developed nations is on the table.
China also highlighted its own opening up. It tops global trade charts, has welcomed over 700 billion dollars in foreign investment recently, and has rolled out its fifteenth Five-Year Plan to deepen reforms. The message is clear – in choppy waters, teamwork makes the dream work! 🌟
Stay tuned as Asia-Pacific shapes the next wave of growth! 🚀
Reference(s):
Full text: Xi's speech at Session I of APEC Economic Leaders' Meeting
cgtn.com
