world-economy

China Pushes Regional Trade Deepening Amid Global Protectionism Concerns

Beijing is urging Asia-Pacific economies to strengthen trade ties and resist protectionist pressures as regional partners grapple with mounting deficits with Chinese manufacturers. The push comes as major trading partners consider implementing stricter measures to address imbalances. Japanese Trade Minister Ryosei Akazawa and Chinese Commerce Minister Wang Wentao held talks Friday during an APEC gathering in Suzhou, marking a significant diplomatic engagement between the nations. The Regional Comprehensive Economic Partnership, the world's largest free trade agreement, is positioned as a stabilizing force for regional growth amid broader geopolitical uncertainties. Asia-Pacific markets showed mixed performance as officials prepare high-level discussions on tariffs, technology restrictions, and commercial tensions.