In 2023, The Total Import And Export Volume Between China And Apec Members Will Account For 59.7% Of My Country’S Total Import And Export Volume
In recent years, my country has continuously deepened economic and trade cooperation with the other 20 APEC economies and continued to contribute China's strength to the construction of the Asia-Pacific economy.
In 2022, the total import and export volume between my country and APEC members will be US$3,739.08 billion, accounting for 59.7% of my country’s total import and export volume. Eight of China's top ten trading partners are APEC members, and China is also the largest trading partner of 13 APEC economies.
APEC economies are my country’s important investment partners. In 2022, my country's investment from APEC economies will account for 86.6% of my country's total foreign investment; among my country's top ten sources of foreign investment, 5 are APEC members.
The APEC region is also an important destination for Chinese enterprises to “go global”. 73.3% of my country’s foreign investment flows to APEC economies. Among my country’s top ten foreign direct investment destinations, 5 are APEC members.
APEC has 15 economies that are my country's free trade partners. It is a key and priority direction for my country to implement the free trade zone improvement strategy, expand the free trade network base, and build a high-standard free trade zone network.
China continues to contribute to the development of the Asia-Pacific region
In recent years, China has continued to deepen reform, expand opening up, actively integrate into Asia-Pacific regional cooperation, promote Asia-Pacific regional economic integration, and continue to contribute the "China Solution" to Asia-Pacific prosperity. Experts say that China has now become an important force that can be relied upon to promote the development of the Asia-Pacific region.
Over the years, China has firmly upheld the multilateral trading system, firmly promoted regional economic integration, persisted in improving the level of regional trade and investment liberalization and facilitation, and proposed a number of cooperation initiatives that have brought tangible benefits to the people of the region.
Under China's vigorous leadership and promotion, the 2014 APEC Leaders' Beijing Meeting approved the "Beijing Roadmap for APEC to Promote the Asia-Pacific Free Trade Area" proposed by China. In the past 10 years, all parties have made progress in tariffs, non-tariff measures, services, investment, etc. Positive progress has been made in the field, and the Asia-Pacific Free Trade Area has become the main channel to promote economic integration in the Asia-Pacific region.
The "One Belt, One Road" international cooperation advocated by China is highly consistent with the connectivity concept promoted by APEC, which has dredged the meridians for regional economic development.
Luo Rong, director of the Institute of External Economics at the China Academy of Macroeconomics, said that President Xi Jinping has attended the APEC Leaders’ Informal Meeting for nine consecutive years, guiding all parties to grasp the trend of the times, adhere to open cooperation, and work together to build an Asia-Pacific community with a shared future. At the same time, China's door is opening wider and wider, various market opening measures have been continuously implemented, the level of utilization of foreign investment has been continuously improved, and the business environment has been continuously optimized, injecting vitality and power into regional economic growth.