Innovation key driver of growth in APEC trade

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Lyu Daliang, director of the General Administration of Customs’ department of statistics and analysis, noted that innovation has become a key driver of trade growth between China…

Participants of the 2026 APEC Ministerial Meeting on Forestry watch a robot performance in Shenzhen, Guangdong province, in July. LIANG XU / XINHUA

China’s trade with other Asia-Pacific Economic Cooperation members will continue to expand as deeper regional economic integration, closer industrial cooperation and growing demand for high-tech and green products create new growth drivers, said officials and business leaders.

Stronger industrial links and rising demand for advanced technologies will help diversify trade, reinforce regional supply chains and support economic growth across the Asia-Pacific region, they added.

Lyu Daliang, director of the General Administration of Customs’ department of statistics and analysis, noted that innovation has become a key driver of trade growth between China and other APEC economies.

“Closer cooperation in electronics, automobiles and machinery has strengthened industrial and innovation ties, boosting trade in high-tech products,” he said.

China’s trade value in high-tech products with other APEC economies surged 50.3% year-on-year to reach 6.66 trillion yuan ($988 billion) in the first three quarters of 2026, exceeding the total for the whole of last year.

The country’s imports of electronic components from other APEC economies increased 56% during the same period, data from the GAC shows.

Liu Chenyang, director of the APEC Study Center at Nankai University in Tianjin, said that APEC’s flexible, nonbinding approach provides an important platform for dialogue amid rising geopolitical tensions and growing uncertainty in global trade.

Carlos Kuriyama, director of the policy support unit at the APEC Secretariat in Singapore, pointed out that joint efforts by APEC economies to safeguard energy security, strengthen the trading system and maintain fiscal stability are no longer optional, but essential.

مطلع المقال، مقتطف من Time. لقراءة المقال كاملًا، افتحه على موقع الناشر.