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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) — Chinese President Xi Jinping delivered a speech on Friday at the first session of the 32nd Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting, titled "Jointly Building a Win-Win, Inclusive, and Open Economy in the Asia-Pacific Region."
Below is the full text of the speech:
Jointly creating a mutually beneficial, inclusive, and open economy in the Asia-Pacific region
Speech at the first session of the 32nd Informal Meeting of Asia-Pacific Economic Cooperation (APEC) Economic Leaders
President of the People's Republic of China Xi Jinping
Gyeongju, October 31, 2025
Dear President Lee Jae-myung,
Dear colleagues,
I am very pleased to come to Gyeongju, a city with a rich historical and cultural heritage, to discuss plans for the development of the Asia-Pacific region. I thank President Lee Jae-myung and the government of the Republic of Korea for their warm hospitality.
For more than thirty years since its founding, APEC, from developing plans to create a free trade area in the Asia-Pacific region to promoting the formation of the Asia-Pacific Community, has led the region in its pursuit of open development and contributed to the transformation of the Asia-Pacific region into the most economically dynamic region in the world.
Against the backdrop of rapid global change unseen in a century, a variety of risks are intertwined. The Asia-Pacific region faces growing instability and uncertainty. The more challenging the situation, the more important it is to remain united. We must remain committed to APEC's goal of promoting economic growth and improving the well-being of people, continue to share opportunities through open development for mutual benefit, and promote a win-win economic globalization within the framework of building an Asia-Pacific community. In this regard, I would like to share five proposals.
First, we must work together to support the multilateral trading system. Genuine multilateralism must be implemented, and the authority and effectiveness of the multilateral trading system, with the WTO at its core, must be enhanced. It is advisable to support WTO reform on the right track and uphold such fundamental principles as most-favored-nation treatment and non-discrimination to ensure that international trade rules keep pace with the times and protect the legitimate interests of developing countries.
Second, we must work together to create an open regional economic environment. It is essential to advance the liberalization and facilitation of trade and investment procedures, deepen financial cooperation, and sustainably promote regional economic integration. In the context of the high-quality implementation of the Regional Comprehensive Economic Partnership and the expansion of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, it is essential to strengthen mutual ties and joint development to create a free trade area in the Asia-Pacific region.
Third, we must jointly ensure the stability and continuity of production and supply chains. It is essential to act together rather than separately, to strengthen ties rather than sever them, to actively expand shared interests, and to support the open development of supply chains. As we mark the 10th anniversary of the APEC Connectivity Action Plan, it is crucial to continue practical and thorough work on infrastructure, institutional, and people-to-people connectivity to build a solid foundation for the open development of the Asia-Pacific region.
Fourth, we should jointly promote digitalization and green transformation of trade. It is essential to fully utilize the role of digital technologies in cross-border trade, develop practical cooperation in paperless trade and smart customs, eliminate all trade barriers related to environmental protection, and expand cooperation in green manufacturing, clean energy, and environmentally friendly subsoil use. China has initiated the creation of the Asia-Pacific Electronic Port Demonstration Network (APMEN) and the APEC Green Supply Chain Network, which have become important platforms for cooperation in digitalization and green transformation of regional trade.
Fifth, we must jointly promote win-win and inclusive development. It is important to adhere to the concept of people-centered development, focus on addressing development imbalances, and promote a more inclusive and sustainable economic globalization for the benefit of the people of the region. China stands ready to work with all parties to develop a high-quality partnership within the Belt and Road Initiative and support more developing countries in modernizing their economies to open up new horizons for global development. China offers all least developed countries that have established diplomatic relations with China a zero-tariff regime for 100 percent of their tariffs. We are prepared to sign an agreement on jointly developing economic partnerships to extend this regime to African countries that have established diplomatic relations with China, for the sake of shared development and prosperity.
Colleagues!
China consistently adheres to its fundamental national policy of openness and, through tangible actions, promotes the construction of an open global economy. Over the past five years, China has ranked first and second globally in terms of trade volumes of goods and services, respectively. It has attracted $700 billion in foreign investment, with an average annual growth rate of outward investment exceeding 5%. The negative list of foreign investment access to the Chinese market is being reduced, the unilateral visa-free regime is gradually expanding, independent and unilateral opening-up is steadily deepening, and 22 pilot free trade zones are actively and effectively aligning their operations with international economic and trade rules. China's open doors will not close; they will only swing wider.
Recently, the Fourth Plenary Session of the 20th CPC Central Committee adopted proposals for the 15th Five-Year Development Plan. In this context, China is committed to continuing to deepen reforms across all areas, steadily expanding its high-level opening up to the outside world, and continually creating new opportunities for the Asia-Pacific region and the world at large through the achievements of Chinese-style modernization.
Thank you for your attention!
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