Financial officials and central bank deputies from Asia-Pacific Economic Cooperation (APEC) forum members met in Shanghai, China on Wednesday and Thursday to discuss efforts to support sustainable economic growth in the region.

The two-day APEC Finance and Central Bank Deputies' adopted a 2026 APEC work plan on fiscal and financial channels and an exchange and cooperation project for young financial and economic professionals from APEC economies.

Vice Minister of Finance Liao Min of China, host country of the 2026 APEC summit, chaired this year's meeting, during which the attendees discussed topics such as the global and regional economic and financial situation, fiscal policies for improving people's livelihood, digital infrastructure financing, and inclusive finance.

In his speech at the meeting on Wednesday, Liao said the Asia-Pacific region, though being confronted with multiple challenges such as trade policy uncertainties, aging populations and high debt levels, remains an important engine of global economic growth.

He called on APEC economies to uphold multilateralism, enhance macro policy coordination, deepen regional cooperation, and strengthen fiscal and financial resilience, so as to jointly promote sustainable economic growth in the region and the building of the Asia-Pacific community.