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APEC vital platform for dialog amid geopolitical challenges: former executive director

China

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China

APEC vital platform for dialog amid geopolitical challenges: former executive director

2026-11-12 17:02 Last Updated At:21:50

Rebecca Sta Maria, former executive director of the Asia-Pacific Economic Cooperation (APEC) Secretariat, has stressed the organization's value as a platform for member economies to engage with one another at a time of growing geopolitical and geoeconomic uncertainty.

China will host the 33rd APEC Economic Leaders' Meeting in the southern city of Shenzhen from Nov 18 to 19, the third time the country has staged the event following gatherings in Shanghai in 2001 and Beijing in 2014.

The theme of this year's summit is "Building an Asia-Pacific Community to Prosper Together," with China identifying openness, innovation and cooperation as the three priority areas for this year.

In an interview with the China Global Television Network (CGTN) in Kuala Lumpur, Sta Maria, who also served as secretary general of Malaysia's Ministry of Trade and Industry, said APEC's role is especially important given the diversity of its membership.

"We're going through a very challenging time with geopolitics, geoeconomics, and when you look at it that way, from that perspective, the engagement within APEC is even more important. When you look at the membership of APEC with China, U.S., Russia and ASEAN member states, yes, we are varied, different levels of development, and it is at this particular time that you need organizations like APEC because it provides a platform for us to engage, for us to have conversations and listening. I think that's the value that APEC brings, that opportunity to have difficult conversations at a time like this," she said.

Looking ahead to the Shenzhen summit, Sta Maria called for more constructive dialog among members.

"[We need] to be more constructive. We need to listen more and appreciate each other's positions. And that's what we've been doing in APEC. Every economy, regardless of whether you're a big economy or a small economy, you have a voice," she said.

APEC vital platform for dialog amid geopolitical challenges: former executive director

APEC vital platform for dialog amid geopolitical challenges: former executive director

China's appropriately accommodative monetary policy continued to deliver results in the third quarter, while the quality and effect of financial sector serving the real economy continued to improve, said the third-quarter monetary policy report released by the People's Bank of China (PBOC) on Wednesday.

The PBOC, China's central bank, said in the report that the country's credit structure continued to optimize in the third quarter.

At the end of September, loans to the technology, green, inclusive finance, elderly care and digital economy sectors grew 12.0 percent, 13.0 percent, 6.5 percent, 16.2 percent and 15.7 percent year on year, respectively, all continuing to outpace overall loan growth.

Financing costs across the economy remained low, the report showed, with new corporate loans in September carrying rates slightly below 3.0 percent and new personal housing loans around three percent.

The yuan exchange rate remained basically stable at a reasonable and balanced level. At the end of September, the yuan closed at 6.7053 per U.S. dollar, appreciating 4.1 percent from the end of 2025.

Looking ahead, the PBOC said it will continue to implement the appropriately accommodative monetary policy, comprehensively use and adjust monetary policy tools as appropriate, and guide the growth of social financing and money supply to match economic growth and the expected target for overall prices.

The central bank will seek to create a suitable monetary and financial environment for stable economic growth, high-quality development and the smooth operation of financial markets.

Appropriately accommodative monetary policy continues to deliver results in Q3: Central Bank

Appropriately accommodative monetary policy continues to deliver results in Q3: Central Bank

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