Economic development in Asia still faces many challenges, China minister says

Chinese Commerce Minister Wang Wentao says the Asia-Pacific region has many disturbances and challenges when it comes to economic and trade development. REUTERS/Florence Lo/File Photo

Wang made the comments at the Asia-Pacific Economic Cooperation conference in Detroit, where he met with several leaders and exchanged views on multilateral and bilateral economic and trade issues amid wider global trade rifts and uncertainties. "The Asia-Pacific region has always been the region with the most growth vitality, development potential and economic resilience in the global economy, but economic and trade development still faces many disturbances and challenges," Wang said, according to a statement from the Chinese Ministry of Commerce.

"China calls on APEC economies to continue to uphold open regionalism, unswervingly promote the process of regional economic integration, further deepen trade and investment cooperation, and share the opportunities and dividends brought by the integrated development of regional industrial chains and supply chains," Wang said.

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