context: The 2024 APEC Business Leaders Summit in Lima received a written speech from Xi Jinping 习近平, sounding familiar themes, above all scitech development and green transition. In marked contrast to his 2019 APEC CEO Summit, 2021 APEC CEO Summit (virtual) and his 2022 APEC CEO Summit (Bangkok) speeches, Xi gave little space to the Belt and Road Initiative, focusing rather on the Global Development Initiative.
Xi Jinping's 习近平 2024 APEC Business Leaders Summit speech focuses on economic globalisation, Asia-Pacific cooperation and the PRC's role in the global economy
- historical context
- centuries-old trade relations between China and Latin America
- mutual connections of Asia-Pacific economies
- current global situation
- increasing unilateralism and protectionism
- challenges to economic globalisation
- tech advancement and digitisation continue to drive globalisation forward
- key policy positions
- urges inclusive economic globalisation benefiting all nations
- supports reform of global economic governance institutions
- calls for greater representation of the 'Global South'
- promotes the WTO-centred multilateral trading system
- Beijing's commitments
- outlines reforms aired at the CPC's July 2024 Third Plenary Session
- pledges to enact 300+ reform measures in five years, highlighting
- green development initiatives
- high-tech manufacturing growth
- expanded foreign investment opportunities
- further economic opening
- regional focus
- celebrates APEC's role in regional economic integration
- urges building an 'Asia-Pacific community with a shared future'
- underscores the Pacific region's role as a 'thoroughfare for prosperity'
Xi's overall tone invoked cooperation, openness and shared development, positioning Beijing as a key agent of global economic growth and innovation.