Asia

APEC finance chiefs warn trade imbalances threaten regional stability

A joint statement called rebalancing a common interest but offered no concrete measures before leaders meet in Shenzhen next month.

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Finance officials from the 21 APEC economies warned that persistent trade and financial imbalances could undermine growth and stability across the Pacific.

Their joint statement followed two days of meetings in Hong Kong and described rebalancing as a common interest requiring sustained cooperation.

The document did not prescribe specific measures, leaving governments divided over how surplus and deficit economies should adjust demand, savings and market access.

Attention is focused on China's trade surplus, which could exceed the record $1.2 trillion registered in 2025 if current flows persist.

Officials also highlighted geopolitical tensions and fragile supply chains as risks that can amplify imbalances and interrupt investment or trade.

China said its trade with other APEC members rose 24% in the first three quarters, led partly by electric vehicles, batteries and high-technology products.

Finance Minister Lan Fo'an called for stronger policy coordination, but no timetable was announced for translating that appeal into collective action.

The issue now moves toward the leaders' summit in Shenzhen, where Donald Trump and Xi Jinping are expected to meet on the sidelines.