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China to create more opportunities for Asia-Pacific and world

By Wang Keju in Beijing and Peng Chao in Chengdu | chinadaily.com.cn | Updated: 2026-06-12 17:32
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China will redouble its efforts to advance high-standard opening-up to create broader opportunities for the Asia-Pacific and the world amid a global landscape marked by rising uncertainties, according to a senior Chinese official.

"The Asia-Pacific stands out as one of the most dynamic and fastest-growing region in the world, powered by tech breakthroughs and digital transformation," Vice-Minister of Finance Liao Min said when delivering opening remarks at the 2026 APEC Senior Finance Officials' Meeting in Chengdu, Sichuan province.

But the global economic landscape has become "more complex and fluid", Liao said on Thursday, calling for APEC economies to uphold multilateralism, strengthen macroeconomic policy coordination and accelerate economic transformation to ensure long-term sustainable development.

"This year marks the inaugural year of the 15th Five-Year Plan (2026-30)," Liao said.

"Looking ahead, we will accelerate the shift toward new growth drivers and pursue high-quality development, as outlined in the plan."

Liao noted that high on the agenda is to build a unified national market, meaning to remove local barriers, and allow goods and production factors to flow unfettered, in order to further unlock domestic demand and consumption potential.

Moreover, as China pursues high-standard opening-up, it will create greater business opportunities for the region and the world, Liao added.

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