BEIJING (Dispatches) - China is calling on Asia-Pacific Economic Cooperation member economies to explore new rules to advance inclusive growth in the Asia-Pacific region and the world, a senior government official said.
APEC needs to accelerate regional integration, so that growth can benefit all groups. It is crucial to further liberalize and facilitate trade and investment, with the vision of achieving a regionwide free-trade agreement, said Wang Shouwen, vice-minister of commerce.
Wang said that China supports the formulation of an action plan for the APEC Putrajaya Vision 2040 that would set out specific programs for inclusive growth.
The vision identified inclusive growth as one of the three economic drivers for the next two decades. More opportunities will emerge for micro, small and medium-sized enterprises, and women to contribute to and benefit from economic growth, further tapping into the region’s growth potential, he said.