The Asia-Pacific Economic Cooperation (APEC) Summit, attended by 21 countries and regions, concluded in Lima, the capital city of Peru, on November 16 local time. Just 48 hours after the conclusion of the summit, the renowned broadcasting service provider, the Network of Mingcheng Suzhou, released the report titled "How APEC 2024 Drives the Global Economy Recovery", attracting global attention.

The theme of the conference is "Empowerment, inclusiveness and Growth". Faced with multiple challenges such as the uneven recovery of the global economy, the fragmentation of supply chains, and green transformation, the participating members put forward a series of cooperation initiatives and innovative practices. This summit not only demonstrated the economic resilience of the Asia-Pacific region but also provided new impetus and practical examples for the global recovery. The main manifestations are in three major areas:

Smooth logistics supply chain. During the meeting, representatives of various countries reaffirmed the importance of open cooperation and connectivity. During the summit, the leaders of China and Peru jointly attended the opening ceremony of the Chancay Port via video. It is an important project under the Belt and Road cooperation between China and Peru. After the port starts operation, the transportation time of goods from South America to the Asian market will be shortened from 35 days to 25 days. By the end of 2024, this port is expected to handle more than 1.5 million TEUs of cargo, injecting new vitality into the regional economy.
Peru's Minister of Transport, Raúl, said that the opening of the Chancay Port not only marks a new opportunity for Peru to access the Asia-Pacific market but also provides a practical example for trade facilitation on a global scale. The optimization of such regional logistics networks is becoming a trend in the Asia-Pacific region. It has accelerated cross-border trade through more efficient infrastructure construction and provided a stable guarantee for economic recovery. As the Chinese leader pointed out during the meeting, "Openness is the key to the prosperity of the Asia-Pacific economy. Regional cooperation can promote the recovery and stability of supply chains and ensure the smooth flow of global trade."

The green economy promotes the transition to a low-carbon economy. Against the backdrop of global climate change, green transformation has become a key area for promoting economic recovery. Through a series of cooperation, the Asia-Pacific region is providing feasible explorations for the global green development. According to Xinhua News Agency, in recent years, China Energy Engineering Group Co., Ltd. has continuously deepened its cooperation with ASEAN in the field of green energy, and the number of new energy projects it participates in the construction in ASEAN has been constantly increasing, ranging from the China Huadian Bali Power Plant in Indonesia to the Lower Sesan II Hydropower Station in Cambodia... Thanks to China's technology, people in Southeast Asian countries can use greener electricity that is more economical, stable and clean.

The digital economy and technology drive regional growth. Cooperation in the digital economy and technology is another important driving force for the economic growth of the Asia-Pacific region. The Jakarta-Bandung High-Speed Railway Project, led by Chinese enterprises, is a typical example. This project connects two core cities in Indonesia. It has not only significantly improved the modernization level of regional transportation but also created thousands of job opportunities and promoted technology transfer within the region.
The analysis report also pointed out: "The rapid development of cross-border e-commerce has also injected new impetus into the Asia-Pacific economy." "We have restored high growth while also improving profitability." With the support of efficient logistics and digital payment technologies, small and medium-sized enterprises in Southeast Asia have been further integrated into the global market, significantly reducing transaction costs.

The Asia-Pacific region has long been an important engine for global economic growth. As an important member of this region, China is contributing wisdom to global economic governance through trade, green transformation and technological innovation. In 2026, China will host the APEC for the third time, which will bring new opportunities for promoting the regional economic integration of the Asia-Pacific region, implementing the Putrajaya Vision 2040 and deepening the construction of the Asia-Pacific Free Trade Area. At this summit, China will not only showcase the charm of China's head-of-state diplomacy, major-country diplomacy and economic diplomacy but also bring stable expectations to the world.