China's Commitment to Open Multilateralism in the Asia-Pacific Framework

Overview of APEC Economic Leaders' Meeting

The recent gathering of Asia-Pacific leaders at the 32nd APEC Economic Leaders' Meeting in Gyeongju, South Korea, highlighted China’s strategic commitment to building a community grounded in openness and multilateral cooperation. President Xi Jinping’s address underscored the importance of revitalizing APEC’s foundational mission, emphasizing contributions to a stable and prosperous global economy.

Emphasis on Openness

During his keynote address, President Xi pledged to deepen comprehensive reforms in China and significantly enhance levels of openness. He stated, "To invest in China is to invest in the future," reflecting his belief in the long-term benefits of economic partnerships. Xi committed to reducing restrictions for foreign investments, with the negative list for such investments now trimmed to only 29 sectors. This includes complete removal for the manufacturing sector, thus creating a conducive environment for foreign ventures.

New Opportunities for Cooperation

Xi’s proposals extend to facilitating smoother business operations, exemplified by expanded visa exemption policies that now accommodate 76 countries. This progressive move aims to attract foreign entrepreneurs, tourists, and professionals while enhancing China's economic integratedness within the Asia-Pacific region.

The figures speak volumes: in the first three quarters of 2025, trade between China and other APEC economies saw a 2% year-on-year rise, totaling 19.41 trillion yuan (approximately 2.73 trillion USD), comprising 57.8% of China's overall foreign trade. This bolstered economic growth not only reassures immediate regional partners but also provides global economic stability amidst external challenges.

The Role of Multilateralism

As Germany's Sevim Dagdelen noted, China's longstanding advocacy for an open and inclusive Asia-Pacific cooperation framework aligns with maintaining a robust multilateral trading system, where the World Trade Organization stands as a pivotal component. This focus on multilateralism is further accentuated by Xi's strong denunciation of protectionism and unilateral actions, urging economies to work collaboratively to enhance peace and development regionally and beyond.

Strategic Proposals for Economic Resilience

Xi outlined five key proposals aimed at fostering collaboration: defending the multilateral trading system, promoting an open regional economy, safeguarding industrial and supply chain resilience, boosting digital and green trade, and ensuring inclusive development that benefits everyone. These strategies are integral to creating a sustainable economic ecosystem.

Numerous initiatives, such as the APEC Port Network and Green Supply Chain Network, have emerged as critical platforms facilitating digital and sustainable trade across the region. China’s role has been predominant, leading global goods trade and securing substantial foreign investments exceeding 700 billion USD, while continuously progressing outbound investments.

Technological Advancements and Regional Partnerships

Technological cooperation remains a focal point, with innovations in smart ports, mobile payment systems, and AI-driven efficiencies showcasing mutual benefits across various Asia-Pacific nations. Collaborative projects, like electric vehicle manufacturing in Thailand, reflect a commitment to shared progress founded on openness and technological innovation.

Public Sentiment on Regional Integration

Recent data garnered from a CGTN survey indicated robust support for regional integration among Asia-Pacific countries, with 83.2% of respondents expressing confidence in cooperative endeavors and 84.6% advocating for sustained multilateralism and globalization efforts.

Looking Forward

As China prepares to host APEC for the third time next year, the message remains resolutely future-oriented. Xi's assertion highlights the necessity for constructive dialogue rather than conflict, positioning collaboration as the pathway to an equitable and prosperous future for all parties involved. He reiterated, "While confrontation breeds distance and instability, mutually beneficial cooperation charts the course for advancement."
In essence, the ongoing dialogue at the APEC summit signifies China’s strategic vision, reinforcing its role as a key player in nurturing open and inclusive economic frameworks that benefit the entire Asia-Pacific community.