Lan Fuan, China's Minister of Finance and Chairman of the 2026 APEC Finance Ministers Meeting, said in his speech at the 33rd APEC Finance Ministers Meeting today that the current international situation is chaotic and intertwined, and the world economy is facing many challenges, but the new round of scientific and technological revolution has also brought new momentum for development. He believes that in order to implement the consensus of the APEC Leaders' Meeting, the Asia-Pacific region needs to promote cooperation in three areas: first, strengthen macroeconomic policy dialogue and coordination to maintain regional economic and financial stability and prevent negative policy spillover effects; second, seize digital and green opportunities, promote economic transformation, and expand new growth points such as the digital economy, green and low carbon; and third, adhere to development priorities, deepen practical financial cooperation to ensure the smooth flow of the industrial chain supply chain and promote regional economic integration. Lan Foan said that the Asia-Pacific region should uphold the spirit of the Asia-Pacific family and work together to build the Asia-Pacific Community. Earlier, China had already held meetings of finance and central bank deputies and senior finance officials in Shanghai and Chengdu, where all economies had full exchanges and forged consensus on cooperation. He pointed out that in the first three quarters of 2026, China's economy grew by 4.6%, contributing about 30% to the world economy in the long term. 2026 is the beginning of the “15th Five-Year Plan”. China will continue to promote high-quality development, build a unified national market, and expand domestic demand to boost consumption. It will continue to deepen reforms and expand a high level of opening-up to the outside world, creating opportunities for Asia-Pacific and global development.
Zhitongcaijing · 2d ago
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Lan Fuan, China's Minister of Finance and Chairman of the 2026 APEC Finance Ministers Meeting, said in his speech at the 33rd APEC Finance Ministers Meeting today that the current international situation is chaotic and intertwined, and the world economy is facing many challenges, but the new round of scientific and technological revolution has also brought new momentum for development. He believes that in order to implement the consensus of the APEC Leaders' Meeting, the Asia-Pacific region needs to promote cooperation in three areas: first, strengthen macroeconomic policy dialogue and coordination to maintain regional economic and financial stability and prevent negative policy spillover effects; second, seize digital and green opportunities, promote economic transformation, and expand new growth points such as the digital economy, green and low carbon; and third, adhere to development priorities, deepen practical financial cooperation to ensure the smooth flow of the industrial chain supply chain and promote regional economic integration. Lan Foan said that the Asia-Pacific region should uphold the spirit of the Asia-Pacific family and work together to build the Asia-Pacific Community. Earlier, China had already held meetings of finance and central bank deputies and senior finance officials in Shanghai and Chengdu, where all economies had full exchanges and forged consensus on cooperation. He pointed out that in the first three quarters of 2026, China's economy grew by 4.6%, contributing about 30% to the world economy in the long term. 2026 is the beginning of the “15th Five-Year Plan”. China will continue to promote high-quality development, build a unified national market, and expand domestic demand to boost consumption. It will continue to deepen reforms and expand a high level of opening-up to the outside world, creating opportunities for Asia-Pacific and global development.
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