China cautionst on global economy at APEC
Chinese Finance Minister Lan Fu'an warned of increasing risks from global uncertainty and economic disruptions, calling on APEC member countries to coordinate policies to avoid the repercussions of political and geopolitical shifts. This is particularly important as yields on government bonds in the United States, Europe, and Japan reach their highest levels in decades, reflecting the fragility of the global financial system and adding debt burdens on developing economies. He also emphasized the importance of maintaining regional financial stability and strengthening cooperation in sectors like artificial intelligence and environmentally friendly industries to achieve economic growth. He praised China's economy for exceeding expectations with growth in the third quarter.
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