
China's initiatives promote stability in Asia-Pacific
China DailyA journalist departs the Asia-Pacific Economic Cooperation summit venue, in Lima, Peru, Nov 16, 2024. Xi has outlined a futuristic road map for the Asia-Pacific, comprising green transformation and development of qualitative industrialization, digitalization, innovation and, above all, open economic cooperation, which is the way forward to rescue economies, communities and nations' building capacities from global warming and economic protectionism. China's expertise in innovation and photovoltaic technologies have set new world records in conversion efficiency, with mass-produced advanced crystalline silicon photovoltaic cells now achieving conversion efficiencies exceeding 25 percent, reducing carbon footprints in the Asia-Pacific. China's Global Cross-Border Data Flow Cooperation Initiative vividly reflects its strong commitment toward a fair, free and equitable economic world order, and a greater role in global governance and the development of the Global South and underdeveloped countries. Simply put, Xi's vision for Asia-Pacific Economic Cooperation is for greater trade, digitalization of economies, green transformation, integrated customs mechanisms, easy and smooth e-commerce and, above all, greater banking and financial integration as the way forward.
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China's initiatives promote stability in Asia-Pacific
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