What changed
He Lifeng, a member of China’s Political Bureau and vice premier of the State Council, opened the fourth APEC Business Advisory Council meeting in Shenzhen on November 14, 2026.
He called for stronger regional cooperation in innovation, connectivity and coordinated development ahead of the 33rd APEC Economic Leaders’ Meeting, which he said will soon be held in Shenzhen. He also exchanged views with some council representatives on deepening economic and trade cooperation.
Why it matters
This puts business consultation at the front of Shenzhen’s coming APEC agenda. The message is clear: China wants the business council to help give regional cooperation practical direction, especially on keeping economies connected and making innovation a shared priority.
The important caveat is that this was a statement of direction, not a deal announcement. No specific agreement, funding commitment or implementation timetable was reported. The next test will be whether the leaders’ meeting turns those broad priorities into concrete commitments.
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