Asian economy needs more regional cooperation

By SHI JING in Shanghai | China Daily | Updated:Nov 14, 2024

Export-import banks should play a more important role in further consolidating ties between Asian economies to drive economic growth against all the uncertainties and complexities in the global market and to address the most pressing tasks such as green transition, said officials and industry experts.

The comments were made on Wednesday during the 29th Asian EXIM Banks Forum annual meeting in Shanghai. Top executives from 13 international export credit agencies (ECAs) attended the meeting.

Despite its growing economic size and rapid development pace, the Asian economy still faces various risks and uncertainties as the world economic growth engine weakens and the global supply chain and industrial chain become more fragmented, Wu Fulin, chairman of the Export-Import Bank of China, said at the meeting.

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