News Agency Beijing, October 28 Title: Injecting China's Power into the "Asia-Pacific Engine"

Xinhua News Agency reporter Dong Yue

The 32nd informal meeting of the leaders of the APEC will be held in Chongqing, South Korea. In the context of weak global economic growth and a backlash of protectionism, this conference carries the eager expectation of the Asia-Pacific region and even the international community to build an open world economy and common prosperity. As an important member of the Asia-Pacific family, China has always promoted regional integration and interconnection with the spirit of openness, boosted the development power of scientific and technological innovation, promoted common prosperity with universal inclusion, and continued to inject new momentum into this most dynamic branch of the global economy and the main growth engine.

Opening up is the life line of Asia-Pacific cooperation. China has always been a firm practitioner of regional open cooperation. As the main trade partner of many Asia-Pacific economies and an important node in the regional industrial chain supply chain, China's economic and trade ties with all economies are becoming closer and closer. In the first three quarters of this year, China's exports to other economies of the Asia-Pacific Organization increased by 2%, the scale reached 19.41 trillion yuan, accounting for 57.8% of China's gross export value. China's high-quality implementation of the "Regional Comprehensive Economic Partnership Agreement" and actively promoted joining the "Comprehensive and Progressive Trans-Pacific Partnership Agreement" and the "Digital

Innovation is a powerful driving force for development. At present, a new round of scientific and technological revolution and industrial transformation are developing rapidly. Grasping the opportunity of digital and green coordinated transformation and development has become the key to shaping new kinetic energy and new advantages for Asia-Pacific development. China not only develops new productive forces according to local conditions, but also is committed to strengthening cooperation with regional economies in cutting-edge fields such as artificial intelligence and life and health, so as to promote the productivity leap in the Asia-Pacific region. In Malaysia, China's mobile payment technology has greatly facilitated tourists and activated new consumption scenarios; In Thailand, the floating photovoltaic project cooperated by China and Thailand provides clean energy for the local area; In Chile, new energy buses made in China are accelerating the process of local green transformation... These vivid cases are the epitome of China sharing innovation opportunities and seeking sustainable development with all parties. Zheng Zhuowen, executive vice president of Thailand's Kasikorn Bank, said that China's scientific and technological achievements are increasingly recognized by the international community, and he looks forward to increasing joint ventures and cooperation with China at the enterprise level.

Common development is the overall goal of Asia-Pacific cooperation. The reality of uneven development in the Asia-Pacific region requires all parties to put inclusive growth in a prominent position. China advocates making good use of the APEC platform, strengthening economic and technological cooperation, increasing support for developing economies and vulnerable groups, and jointly making the "cake" of economic development bigger, so that more economies and more people can share the fruits of development. China's global development initiative has blossomed in the Asia-Pacific region. Through specific projects such as holding poverty reduction seminars, promoting fungus and grass technology, and deepening public health cooperation, the sunshine of common development is illuminating the lives of people in the Asia-Pacific region. Pan Rongde, Secretary-General of ASEAN-China Economic and Trade Development Promotion Association, said that China has always adhered to the concept of win-win cooperation, and while its own economy is developing rapidly, it has built an exchange platform to share development dividends.

In the future, China will provide new opportunities for its new development in the Asia-Pacific region.The Fourth Plenary Session of the Twenty-Fourth Central Committee of the Communist Party of China (CPC) has adopted the "Prospect of the CPC Central Committee on the formulation of the Fifteenth Five-Year Plan for National Economic and Social Development", drawn up China's blueprint for the next five years, put forward the main objectives of economic and social development during the "Five-Five-Year" period, and declared the firm determination to move forward and continue to promote Chinese-style modernization.A China that continues to modernize and expand the high level of opening up to the outside world, will release a larger market potential and cooperation opportunities, bringing a stronger momentum and broader prospects for the development

Looking forward to the future, China will work with all parties to deepen cooperation in openness, break down the obstacles in innovation, win-win in inclusion, and jointly write a new chapter in Asia-Pacific development.