CGTN: How China injects stability and fresh momentum into Asia-Pacific development

Ahead of the 32nd APEC Economic Leaders' Meeting, set to be held in Gyeongju, South Korea, from October 31 to November 1, CGTN has published an article highlighting how China has continuously injected stability and fresh momentum to the development of the Asia-Pacific region over the years.

BEIJING, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Just days after the fourth plenary session of the 20th Central Committee of the Communist Party of China (CPC) concluded in Beijing, Chinese President Xi Jinping is going to make his first overseas trip since the CPC plenum — to attend the 32nd APEC Economic Leaders' Meeting and to pay a state visit to South Korea from October 30 to November 1.

As the session reaffirmed China's long-term vision and steady commitment to sharing growth opportunities with the world, observers are watching closely to see how China's leadership will bring new energy to Asia-Pacific development and help guide the region through increasing geopolitical and economic challenges.

"There has never been a more critical time for APEC," said Eduardo Pedrosa, executive director of the APEC Secretariat, in a recent interview. He expressed his anticipation of President Xi's participation, emphasizing that China has long been a strong supporter and contributor to APEC.

Openness and connectivity for win-win cooperation

On the Pacific coast of Peru, the Chancay Port — South America's first smart and green port — will soon celebrate its first anniversary of operation. Described as a "New Inca Trail," the project has created new trade routes between Latin America and Asia, serving as a clear example of openness and connectivity in the Asia-Pacific. 

When President Xi attended the 31st APEC Economic Leaders' Meeting in Lima in 2024, he watched the port's opening via video link. He has called for fully utilizing APEC's role as an "incubator of global economic and trade rules," promoting regional integration and connectivity, and removing barriers to the free flow of trade, investment, technology, and services.

For decades, China has been a positive force for openness in the Asia-Pacific. In the first three quarters of 2025, China's trade with other APEC economies increased by 2 percent year-over-year, reaching 19.41 trillion yuan ($2.73 trillion), or 57.8 percent of its total trade. The ongoing growth of goods ranging from textiles to electronics and auto parts reflects the region's strong shared opportunities.

China's actions reflect its consistent stance against protectionism and unilateralism. From the high-quality implementation of the Regional Comprehensive Economic Partnership (RCEP) to proactive steps toward joining the CPTPP and Digital Economy Partnership Agreement (DEPA), Beijing has been contributing Chinese strength to building an open Asia-Pacific economy.

Driving innovation to share development opportunities

At the 2023 APEC CEO Summit, President Xi urged regional economies to "seize the opportunities of the new technological revolution" and to work together to promote digital, intelligent, and green transformation. He emphasized the importance of strengthening scientific and technological cooperation and creating an open, fair, and non-discriminatory environment for innovation.

This vision is gaining ground across the region. At the 22nd China-ASEAN Expo, 62 projects involving new energy, artificial intelligence, and advanced materials were signed — many focused on joint R&D rather than just trade. In Chile, Chinese-made double-decker electric buses played a key role in transporting people during the 19th Pan American Games in Santiago, providing clean energy for a continental sporting event and demonstrating China's sustainable technologies on a global scale.

Herman Tiu Laurel, president of the Asian Century Philippines Strategic Studies Institute, a Manila-based think tank, observed that China's high-tech innovation and green transition open new frontiers for supply chains and create fresh opportunities for Asia-Pacific economies.

Fostering inclusive growth for shared prosperity

In late September, a China-supported Juncao and upland rice demonstration center was opened in Goroka, the capital of Papua New Guinea's Eastern Highlands Province. The project, a new achievement in China-Papua New Guinea collaboration on poverty reduction, is helping local communities boost food security and build sustainable livelihoods. It provides a glimpse into how China's development approach is changing lives across the Asia-Pacific.

President Xi has reaffirmed that common development remains the main goal of Asia-Pacific cooperation. Following this vision, China has been actively taking action rather than just promoting the idea.

From advancing initiatives within APEC to increase household income and promote cluster-based growth among small and medium-sized enterprises, to inviting Asia-Pacific partners to join the Global Development Initiative (GDI), China has consistently strengthened collaboration in poverty reduction, food security, industrialization, and development financing with regional economies to maintain steady momentum in the region's pursuit of shared prosperity.

https://news.cgtn.com/news/2025-10-28/How-China-injects-stability-fresh-momentum-into-Asia-Pacific-growth-1HPVyFCnl9S/p.html

Contact: CGTN Email: jiang.simin@cgtn.com