CGTN: China to uphold openness and common development for better Asia-Pacific cooperation

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Hernan Garces, a grandson of a Chilean cherry planter, is pleased to see that his family business has become one of the largest cherry exporters to China in the last few years. It is estimated that more than 80 percent of the cherries grown in this region are exported to China, according to Garces, manager of one of the largest cherry exporters in the area. He attributed his success to the good business conditions there.
Garces, who is moving his family to Shanghai to better manage his business, said that the business environment in China is very friendly and that there are endless possibilities.
In the past few decades, the cherries have witnessed the constant interdependence and deep integration between China's economy and the Asia-Pacific economy as they spread across the northern and southern hemispheres.
A common development based on openness and transparency
Xi Jinping, the Chinese President, addressed the APEC CEO Summit in San Francisco on Thursday, noting that since the first Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting took place in 1993, the region has experienced a deepening of economic cooperation and integration throughout the region.
In the last three decades, we have remained committed to open regionalism, opening up and inclusion, and have learned from each other's strengths, exchanged needs, and focused on development, and we have developed 'the APEC Approach' jointly based on the principles of voluntarism, consensus building, incremental progress, capitalizing on the spirit of partnership featuring harmony without uniformity, solidarity and mutual assistance, Xi explained.
As the Chinese President pointed out, on the remarkable journey of Asia-Pacific cooperation, openness, inclusivity and development for all have outshone others.
According to Xi, "over the past three decades, the Asia-Pacific region has reduced its average tariff rate from 17 percent to 5 percent, contributing 70 percent to global economic growth," and added that, in the same period, "per capita income in the Asia-Pacific region has more than quadrupled, and more than a billion people have been lifted out of poverty."
As a result of different histories, cultures, and stages of development, Xi stressed that finding common ground while putting aside differences is the best way to achieve regional cooperation, despite a variety of histories, cultures, and stages.
Cooperation facilitation at the regional level
With regards to the fact that the world has entered a new period of turbulence and change, Secretary Xi noted that the absence of cooperation is the biggest threat, and that decoupling and disruptions to the supply chain are in no one's interest.
The APEC president went on to say that the economies of the region should "steadfastly pursue the goal of building a Free Trade Agreement of the Asia-Pacific region.".
A fact is worth more than a word. In recent years, China has continuously deepened economic and trade cooperation with other 20 APEC economies, as well as continued to contribute China's strength to the construction of the Asia-Pacific economy, as reported by the Chinese Ministry of Commerce (MOC).
According to data provided by the Ministry of Commerce (MOC), in 2022, the total import and export volume of China and the APEC members was $3,739.08 billion, which represents 59.7 percent of the total import and export volume of China.
In the same year, the data also indicated that eight of China's top 10 trading partners are APEC members, and that China is the largest trading partner of 13 economies within the APEC.
A researcher for the Chinese Academy of Macroeconomic Research has observed that China's door is opening wider, its ability to use foreign investment is increasing, and its business environment is improving. All of those factors will inject new vitality and impetus into regional economic growth, according to Luo Rong, a researcher at the Chinese Academy of Macroeconomic Research. 
There are more measures that can be taken to attract foreign investment
In the 45 years since China reformed and opened up its economy, APEC has become the first economic and trade organization that it has become a member of.
China remains committed to pursuing development with its doors open at the new starting point, according to Xi, and will unrelentingly open up its doors to high-standards and expand its market share. China has also announced the removal of all restrictions on foreign investment in manufacturing, which is a sign that the country is committed to pursuing development.
It was also stated by the Chinese President that no matter what the international situation may look like, China's commitment to creating an environment that is market-oriented, law-based and world-class will not change. He also stated that the policy of providing equal and quality services to foreign investors is not going to change either.
There was also a statement from Xi on Friday, saying that the largest developing country in the world will take more measures to improve the entry and stay policies of foreigners in China, as well as remove obstacles in the financial, medical, e-payment, and other sectors.
In Beijing, for example, the process of obtaining work permits for foreigners and work-related residence permits has been streamlined. A convenient one-stop application service for both the two permits is available to all foreign talents who work in Beijing. It can be applied for at any of the 15 one-stop service counters located throughout the city.
According to Xi, all of this is being done in order to make it easier for foreign companies to do business in China and invest there.
https://news.cgtn.com/news/2023-11-17/Xi-delivers-written-message-to-APEC-CEO-Summit-1oN7z9BWpoI/index.html
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