Global news media express high expectations for upcoming APEC summit

Media across the Asia-Pacific region are expressing their expectations for the upcoming Asia-Pacific Economic Cooperation (APEC) summit which is slated to open on Wednesday in Shenzhen City of south China's Guangdong Province.

They hope the event could further promote regional economic integration and create more opportunities for trade, economic cooperation, and technological innovation across the region.

Vietnam+, official online newspaper of the Vietnam News Agency (VNA), believes that building an Asia-Pacific community has become a shared goal among the region's economies.

One of its reports cited a Vietnamese scholar as saying that, amid growing global uncertainty and deepening international divisions, Asia-Pacific economies need to strengthen cooperation more than ever. This long-term vision is gaining fresh momentum, with APEC playing an important role in building consensus on regional cooperation and promoting shared development.

Peru news agency Andina reported that the APEC meeting in Shenzhen will create new opportunities for Asia-Pacific economies to deepen trade and investment cooperation.

Peru hopes to use the APEC Shenzhen meeting as an important platform to expand trade and economic cooperation with Asia-Pacific economies and attract more foreign direct investment, particularly in sectors like infrastructure, digitalization, connectivity, mining, and energy.

Mexico news agency La Jornada focused on artificial intelligence and regional trade cooperation. It reported that AI is expected to be one of the key topics at the APEC meeting in Shenzhen, saying that Asia-Pacific economies need to enhance cooperation and make trade policies more transparent and predictable amid growing uncertainty over trade policies, so as to create a more stable environment for business investment, job growth, and regional economic integration.

The report also noted that China has identified "openness, innovation, and cooperation" as the three priorities for APEC China Year 2026, encouraging all parties to work together to address challenges to regional economic development.

The People's Bank of China (PBOC), the central bank, said that it raised forex reserve requirement ratio (RRR) for financial institutions from four percent to six percent, effective Sunday. The increase will help promote a balance between supply and demand in the foreign exchange market and break self-fulfillment of expectations of yuan appreciation, said the PBOC.