PORT MORESBY, Oct. 18 (Xinhua) - China's Vice Finance Minister Yu Weiping called for joint efforts to promote sustained and steady growth of the global economy at the Asia-Pacific Economic Cooperation (APEC) Finance Ministers Meeting held here from Tuesday to Wednesday.
(Photo: Xinhua)
Noting that the sound momentum has been sustained in the development of the world economy, Yu said rising trade protectionism and structural factors continue to constrain the medium and long-term development of the world economy.
The Asia-Pacific economies should firmly support multilateralism, jointly safeguard the rules-based multilateral trading system, continue to promote structural reform and enhance economic resilience and competitiveness, said Yu.
A joint statement from APEC finance ministers said, "To broaden and sustain the current expansion and raise medium-term growth prospects for the benefit of all, our economies must advance policies and reforms that increase productivity and strengthen the potential for inclusive growth."
"Financial inclusion is a fundamental building block of inclusive growth and development," it added.
