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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Gyeongju, South Korea, Oct. 31 (Xinhua) — The 32nd Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting opened in Gyeongju, South Korea, on Friday. Participants will discuss strengthening economic cooperation and charting a common path to a sustainable future.
President of the Republic of Korea (ROK) Lee Jae-myung, who chaired the meeting, noted that amid radical changes to the free trade system, global economic uncertainty is growing, while trade and investment are slowing. The technological revolution associated with artificial intelligence brings both unprecedented challenges and unprecedented opportunities, the South Korean leader said.
He called for closer cooperation and solidarity in the region to jointly overcome new challenges. "We can unite for the ultimate goal of shared prosperity," Lee emphasized.
The APEC meeting is taking place against a backdrop of growing uncertainty in the international economic environment and the resurgence of protectionism and unilateralism, which are reshaping the traditional free trade order. Intensifying strategic competition among major economies and the restructuring of global supply chains have further complicated regional cooperation.
Furthermore, APEC members face numerous structural challenges, from accelerating population aging and widening development gaps to uneven digital transformation and the rising costs of transitioning to a green economy.
Under the theme “Building a Sustainable Tomorrow,” this year’s APEC agenda aims to promote regional connectivity, spur innovation-driven growth, and create a more sustainable future for the Asia-Pacific region.
According to the latest APEC Regional Trends Analysis, APEC members will collectively account for over 60 percent of global GDP in 2025. Economic growth in the region this year is expected to be 3.1 percent, slightly higher than previous estimates.
The forecast was updated amid a stable trade situation and strong demand for high-tech goods. However, the report's authors warn that growth could slow to 2.9% in 2026 due to rising public debt and weakening temporary factors.
Founded in 1989, APEC has become a dynamic engine of economic growth and one of the most important regional forums in the Asia-Pacific region. –0–
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