Chinese President Xi Jinping delivered a written speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, calling for a renewed commitment to APEC’s founding mission of openness, inclusiveness, and seeking common ground while shelving differences. He emphasized the need for the Asia-Pacific region to avoid becoming a arena for geopolitical rivalry or a new Cold War, urging cooperative efforts and regional economic integration.
Xi underscored China’s dedication to high-level opening-up, expressing confidence in the country’s capacity for long-term and stable economic growth. He asserted that China remains a synonym for the best investment destination, providing new growth momentum and opportunities to the world through its continued development.
Analysts noted that Xi’s speech reflects the common expectations of Asia-Pacific countries for open, inclusive regional cooperation amidst geopolitical challenges that hinder trade, investment liberalization, and supply chain integration. They view China’s approach as offering collaborative solutions, injecting certainty into an uncertain world and transforming the Asia-Pacific region into a dynamic growth engine.
Xi’s call to uphold APEC’s founding mission comes at a crucial time, with global economic challenges. He emphasized the importance of cooperation and highlighted that decoupling and supply chain disruption are not in anyone’s interest. Observers note that Xi’s speech promotes free trade and investment based on multilateral trade rules, advocating for economic integration in the Asia-Pacific region.
The APEC meetings align with China and Chile’s strength in advocating for free trade and a world without barriers. Xi’s speech sends a clear message to actively promote free trade and investments, fostering economic integration in the Asia-Pacific region. Analysts believe it challenges the confrontational policies promoted by certain Western powers and promotes dialogue and diversity.
Xi’s reference to building a community with a shared future for mankind echoes the APEC Putrajaya Vision’s vision for an Asia-Pacific community by 2040. Experts view China’s approach as forward-looking, establishing fairer, more transparent, and peaceful governance compared to Western hegemonic strategies driven by a Cold War mentality.
The recently concluded China-US summit and Xi’s meeting with Japanese Prime Minister Fumio Kishida indicate efforts to handle disputes and maintain stability in Asia. Experts note that China’s active engagement in APEC serves as an anchor for global development, emphasizing constructive roles in managing differences and promoting stability in the Asia-Pacific.
Xi expressed confidence in China’s economic prospects, highlighting its steady recovery and role as a global growth engine. Attendees at APEC believe his remarks convey China’s confidence to the region and the world, fostering collaboration and entrepreneurial spirits. The Asia-Pacific region, led by China, is expected to champion economic globalization and regional economic integration.
Xi urged sustainable development as the “golden key” to solving global problems, emphasizing a new path for green development and global synergy on climate change. China’s contributions in energy transition are recognized, with its policies encouraging the development of clean energy being significant for various countries.
In conclusion, President Xi Jinping’s APEC speech resonates with a call for cooperation, openness, and regional integration in the Asia-Pacific region. It reflects China’s commitment to a shared future and its role as a stabilizing force for global development.