APEC 2022: Boosting global governance

 

APEC 2022: Eye on global governance

  The Asia-Pacific is home to some 2.9 billion people, or nearly 40 percent of the world population. With that much weight on its shoulders, APEC 2022 starts the ball rolling this week with its yearly economic leaders' meeting. As the region is one of the most dynamic regions of the world today, the annual APEC events have also become hubs for movers and shakers around the world. Among them is Klaus Schwab, the founder of the World Economic Forum. After a series of events taking place in the region like the G20 in Bali, he sat down with CGTN's Tian Wei on the sidelines of the APEC CEO Summit, and shared his observations about whether major economies of the region and the world can shore up global governance.

APEC 2022 CEO Summit: Economic recovery, trust & competition 

 

Live: APEC CEO Summit on gender equity

 

 

Ties that bind: Xi looking on as his wife signs the guestbook during a meeting with Prayut and his wife on the sidelines of Apec summit in Bangkok. — AFP

 

Xi's landmark South-East Asia trip expands partnerships

Two multilateral meetings, close to 20 bilateral talks and a sit-down with United States President Joe Biden – President Xi Jinping’s six-day trip to South-East Asia has charted the way for global governance, expanded China’s global partnerships and steadied ties between the world’s two largest economies.

Xi travelled to Bali, Indonesia, from Monday to Thursday for the G20 Summit before attending the 29th Apec Economic Leaders’ Meeting in Bangkok and visiting Thailand – the first time he has attended the events in person in three years. Xi returned to China on Saturday evening.

The back-to-back meetings held by Asian countries took place amid spillover from the Ukraine crisis, which fuelled global financial, energy and food crises, with some countries advocating division, confrontation and decoupling.

The world is again standing at a crossroads, and Asia has embraced a crucial moment in promoting global governance, State Councilor and Foreign Minister Wang Yi said after the conclusion of Xi’s trip.

Wang, who is also a member of the Political Bureau of the Communist Party of China Central Committee, said Xi’s proposals at the G20 Summit indicated that he has always kept the interests of developing nations in mind and maintained the outlook in his diplomatic activities that true development can only be attained with the common development of all countries.

At the summit, Xi said Beijing supports the African Union in joining the G20.

China’s support for multilateralism and its contribution to G20 cooperation is also evidenced in the fact that the 15 projects and proposals put forward by Beijing were included in the list of projects for pragmatic cooperation at the summit.

Bernard Dewit, chairman of the Brussels-based Belgian-Chinese Chamber of Commerce, said Xi’s proposals at the Apec meetings were not only inspiring for the Asia-Pacific region but also for other countries around the world, especially in Europe.

“At a moment when the COP 27 is closing, Xi insists that his country will push further for green and low-carbon development.

“Every government in the world should approve of his words when he says protecting the ecological environment and tackling environmental changes is the common challenge facing all humanity.”

Raymund Chao, chairman for the Asia-Pacific region and China of professional services provider PwC, said Xi’s written speech delivered to the Apec CEO Summit has boosted the confidence of business leaders in the Asia-Pacific region in responding to risks and turning crises into opportunities. — China Daily/ANN

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President Xi's intensive meetings with world leaders in Indonesia, Thailand

President Xi has met a number of foreign leaders and delivered important remarks while attending the G20 summit in Bali, Indonesia, showing charm of major-country diplomacy. Check out the graphic to learn more:

 

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