China Urges APEC Unity to Combat Global Economic Instability
China's Finance Minister Lan Foan calls for deeper APEC cooperation to drive growth amid global geopolitical conflicts and rapid economic shifts.
POLICY WIRE — Hong Kong, China — China’s Finance Minister Lan Foan has emphasized the critical necessity for Asia-Pacific Economic Cooperation (APEC) members to strengthen their collaborative efforts. Speaking on Tuesday, Oct 20, 2026, at the opening of the APEC Finance Ministers’ meeting in Hong Kong, Lan highlighted the forum’s vital role in navigating a global economy currently destabilized by rapid transitions and the consequences of geopolitical friction.
Lan asserted that APEC serves as a primary engine for international economic expansion and must now accept a greater degree of responsibility. He issued a direct appeal to the 21 member nations of the Pacific Rim—a group that includes the United States, Japan, and Russia—to foster closer ties to stimulate growth during this period of widespread uncertainty.
Beyond general economic cooperation, the minister advocated for a unified approach toward emerging sectors. He urged governments to align their strategies regarding artificial intelligence, the digital economy, and the development of green industries, noting that these areas represent essential new frontiers for sustainable growth.
Regarding China’s own economic trajectory, Lan confirmed that the world’s second-largest economy remains committed to pursuing comprehensive economic reforms. He did not provide further details on the specific nature of these upcoming policy adjustments.
Reporting by Policy-Wire (PW)
