China Urges APEC to Play Bigger Role in Challenged Global Economy
China's finance minister Lan Foan said APEC should take on greater responsibility for growth, urging members to cooperate on AI, digital and green sectors.
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what happened
According to Reuters, China's finance chief Lan Foan told the APEC finance ministers' gathering in Hong Kong on Tuesday that the forum is taking on a bigger part in addressing the strains facing the global economy. He described APEC as a driver of world growth carrying heavier responsibility. He urged the group's 21 members, among them the United States, Japan and Russia, to coordinate more closely to lift expansion amid rapid change and geopolitical fallout. Lan also called for joint efforts on artificial intelligence, the digital economy and green industries, and said China would keep pushing comprehensive economic reforms without giving details.
why it matters
The speech contained no concrete measures or figures, so the direct market effect is limited. Still, signals of reform and deeper regional cooperation in China can shape sentiment toward Asian currencies such as the yuan and Hong Kong-listed equities.
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sources
- China flags APEC's role as key for a challenged global economy — Reuters, 20 October 2026 at 07:21 UTC
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