China
APEC Provides China an Opportunity to Revitalize Integration
As APEC chair in 2026, China can enhance Asia-Pacific integration by emphasizing services and the digital economy, leveraging cooperation and non-binding guidelines to boost trade and innovation among member economies.
APEC 2026: China’s Role in Regional Integration
As chair of the Asia-Pacific Economic Cooperation (APEC) in 2026, China is poised to enhance regional integration, particularly in services and the digital economy. With services playing a crucial role in the output and employment across the Asia Pacific, China’s proactive approach can generate significant benefits for APEC economies. By aligning national and APEC agendas, China has a unique opportunity to lead in services trade.
The Rise of Services Trade
The growth of services trade outpaces that of goods, particularly in digitally deliverable sectors like software and online finance. These areas significantly contribute to intra-regional trade, helping to bridge the gap between advanced and emerging economies. Despite progress in goods market openness, discrepancies in service regulations and data mobility challenge cooperation, necessitating a collaborative approach focused on shared principles and mutual learning.
Tools for Progress and Leadership
APEC’s framework is characterized by non-binding commitments and technical cooperation rather than formal negotiations. This unique architecture accommodates vast income disparities and political systems in the region. While APEC’s services regulations vary and remain somewhat restrictive, the organization has developed tools like the Services Competitiveness Roadmap to help economies identify barriers and initiate reforms. Effective leadership and example-setting are crucial for maximizing the impact of these instruments.
Source : APEC offers China a chance to revitalise integration
