Xi Jinping Unveils Five-Point Proposal for Economic Cooperation in Asia-Pacific

On October 31, 2025, the Chinese President Xi Jinping delivered a compelling speech at the opening session of the 32nd APEC Economic Leaders' Meeting, where he presented a significant five-point proposal to promote inclusive economic globalization and strengthen community ties within the Asia-Pacific region. This initiative seeks to respond to the urgent need for cooperative economic strategies amid the changing global landscape.

President Xi's speech, titled "Building an Inclusive Open Asia-Pacific Economy for All," highlighted the importance of APEC members adhering to the organization's founding principles aimed at fostering economic growth and improving the quality of life for their citizens. His vision emphasized the necessity for open development, allowing all participants to benefit and succeed. This stance was met with appreciation from both domestic and international experts, who recognized China's proactive role in advancing regional cooperation and global prosperity.

The Five-Point Proposal

1. Safeguarding the Multilateral Trading System

The first element of the proposal stresses the need for APEC countries to unite in protecting the integrity of the multilateral trading system, primarily led by the World Trade Organization (WTO). Xi urged member nations to embody true multilateralism and update trade rules to better serve the needs of developing countries, ensuring that all voices are heard and protected in the evolving economic landscape.

2. Creating an Open Economic Environment

Xi's second point revolves around fostering a more open economic climate in the region. APEC members are encouraged to enhance trade and investment liberalization, deepen financial cooperation, and work towards regional economic integration. This effort aims to propel the development of the Free Trade Area of the Asia-Pacific, boosting mutual alignment and collaborative progress within member economies.

3. Stabilizing Industrial and Supply Chains

Next, President Xi acknowledged the critical importance of maintaining stable and efficient industrial and supply chains. He reiterated the need for cooperative efforts among APEC nations to bolster supply chain development and emphasized working together to expand common interests. This collaborative approach is essential for underpinning open development throughout the Asia-Pacific region.

4. Digital and Green Transformation of Trade

In an era where digital technologies are at the forefront of commerce, Xi called for the advancement of a digital and green transformation in trade practices. Encouraging countries to leverage digital solutions will enhance cross-border trade dynamics, while breaking down green trade barriers will facilitate cooperation in clean energy initiatives and sustainable industry practices.

5. Promoting Inclusive Development

Lastly, Xi urged for collective action towards universally beneficial development, stressing a people-centered approach. This encompasses addressing developmental disparities and fostering globalization that ultimately benefits every individual in the region, ensuring that no one is left behind in the quest for economic success.

A Vision for the Future

China's commitment to the Asia-Pacific is deeper than ever. Liu Xiaoxue, a noted expert from the National Institute of International Strategy, emphasized that President Xi's five-point proposal not only demonstrates China's dedication to regional stability but also positions the nation as a key player in global economic dynamics.

As the Asia-Pacific region represents a significant portion of the world's economy and population, President Xi's call to action is timely. He acknowledges that in the face of unprecedented global changes, APEC nations must remain united, fostering strong partnerships to navigate through uncertainties.

Notable responses from the business sector highlighted the potential for these initiatives to drive growth and innovation. Hemione Hudson, Chair and CEO of PwC China, articulated that the Asia-Pacific's vitality is indispensable for global economic progression, further solidifying China's role in regional cooperation.

Conclusion

In summary, President Xi's proposal at APEC reflects a clear roadmap toward addressing the challenges faced by the Asia-Pacific community. His commitment to open development, economic collaboration, and inclusive growth signifies a new chapter for regional cooperation, underpinned by shared prosperity and sustainable practices. As nations rally around these principles, the Asia-Pacific could firmly establish itself as a leader in global economic leadership and innovation.