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China cautions on global economic risks
The Chinese Minister of Finance, Lan Fu'an, warned of increasing risks related to global economic uncertainty and disruptions. He called on APEC member countries to coordinate policies to prevent the escalation of the repercussions resulting from political and geostrategic shifts. He explained that the military escalation in the Middle East and rising yields on government bonds are adding inflationary pressures and increasing financing costs in international financial markets. He emphasized the importance of safeguarding regional financial stability and promoting economic dialogue. These warnings come amid record-high bond yields in Europe, the United States, and Japan — levels not seen in decades — raising concerns about the fragility of the global financial system and the growing impact of public debt. Through its participation in the APEC meeting, which includes 21 economies representing 60% of global output, China aims to foster an open trade environment and support cooperation in areas such as artificial intelligence, low-carbon industries, and advanced technologies. China also reaffirmed the resilience of its economy, which surpassed expectations in the third quarter.
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