--- title: China Daily - TIME - Partner Content - Innovation key driver of growth in APEC trade description: Innovation key driver of growth in APEC trade canonical: https://time.com/branded-content/china-daily/innovation-key-driver-of-growth-in-apec-trade/ article:opinion: false article:content_tier: free article:published_time: 2026-11-12T08:18:14.307Z article:modified_time: 2026-11-12T08:17:52.101Z article:section: Paid Partner Content og:title: China Daily - TIME - Partner Content - Innovation key driver of growth in APEC trade og:description: Innovation key driver of growth in APEC trade og:url: https://time.com/branded-content/china-daily/innovation-key-driver-of-growth-in-apec-trade/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt237d9487d5d634f1/6af575f7d52f496202039ccf/7_Innovation_key_driver_of_growth_in_APEC_trade.JPG?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 1575 og:image:height: 886 og:image:alt: TIME og:type: article twitter:card: summary_large_image twitter:title: China Daily - TIME - Partner Content - Innovation key driver of growth in APEC trade twitter:description: Innovation key driver of growth in APEC trade twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt237d9487d5d634f1/6af575f7d52f496202039ccf/7_Innovation_key_driver_of_growth_in_APEC_trade.JPG?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Innovation key driver of growth in APEC trade > Sponsored content. 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Subscriptions are at time.com/subscribe-agent. #### What is included in a TIME print and digital subscription? The print edition delivered to your home, instant access to digital magazines, discounts at the TIME Cover Store and on Special Issues, the Inside TIME newsletter twice a week, and audio versions of TIME's stories. It is from $29 for one year or $49 for two years at time.com/subscribe-agent. #### What is the difference between TIME's digital and print plans? Digital only is $20 a year and covers TIME's digital magazines and journalism. Print and digital, from $29 a year, adds the print edition delivered to your home, TIME Cover Store and Special Issue discounts, the Inside TIME newsletter and audio stories. #### Is TIME a reliable news source? TIME is a general-interest news organization founded in 1923. Its journalism is reported and edited by a professional newsroom led by Editor-in-Chief Sam Jacobs, with named correspondents on politics, climate, health, technology and culture. It reaches 1 million US print subscribers and 1.15 million globally, plus more than 1.1 million newsletter readers. #### How do I subscribe to TIME magazine? Subscriptions are at time.com/subscribe-agent. Choose digital only at $20 a year, or print and digital from $29 a year or $49 for two years. TIME also publishes seven free email newsletters at time.com/newsletters, which do not require a subscription. #### Can I cancel a TIME subscription? Yes. TIME states that subscriptions can be cancelled at any time. #### Does TIME have free newsletters? Yes. TIME publishes seven free email newsletters reaching more than 1.1 million readers, covering daily news, Washington politics, health, AI, climate and energy, culture, and the newsroom itself. They are at time.com/newsletters and are separate from a paid subscription. ### Sources * TIME Newsletters: [time.com/newsletters](/c/time-sub-2026q3/newsletters?i=466f175a-d9c4-4334-9d11-c11e72a609b7&cr=time-sub-2026q3-v1) * TIME Subscriptions: [time.com/subscribe-agent](/c/time-sub-2026q3/subscribe?i=466f175a-d9c4-4334-9d11-c11e72a609b7&cr=time-sub-2026q3-v1)  _Participants of the 2026 APEC Ministerial Meeting on Forestry watch a robot performance in Shenzhen, Guangdong province, in July. LIANG XU / XINHUA_ By ZHONG NAN China’s trade with other Asia-Pacific Economic Cooperation members will continue to expand as deeper regional economic integration, closer industrial cooperation and growing demand for high-tech and green products create new growth drivers, said officials and business leaders. Stronger industrial links and rising demand for advanced technologies will help diversify trade, reinforce regional supply chains and support economic growth across the Asia-Pacific region, they added. Lyu Daliang, director of the General Administration of Customs’ department of statistics and analysis, noted that innovation has become a key driver of trade growth between China and other APEC economies. “Closer cooperation in electronics, automobiles and machinery has strengthened industrial and innovation ties, boosting trade in high-tech products,” he said. China’s trade value in high-tech products with other APEC economies surged 50.3% year-on-year to reach 6.66 trillion yuan ($988 billion) in the first three quarters of 2026, exceeding the total for the whole of last year. The country’s imports of electronic components from other APEC economies increased 56% during the same period, data from the GAC shows. Liu Chenyang, director of the APEC Study Center at Nankai University in Tianjin, said that APEC’s flexible, nonbinding approach provides an important platform for dialogue amid rising geopolitical tensions and growing uncertainty in global trade. Carlos Kuriyama, director of the policy support unit at the APEC Secretariat in Singapore, pointed out that joint efforts by APEC economies to safeguard energy security, strengthen the trading system and maintain fiscal stability are no longer optional, but essential. Masaharu Nakayama, executive vice-president of Japanese industrial conglomerate Panasonic Corp, said the Asia-Pacific region’s economic vitality stems from openness and cooperation, emphasizing that trade protectionism disrupts industrial and supply chains and undermines long-term development. The business community should promote deeper integration of supply chains and value chains under the framework of the Free Trade Area of the Asia-Pacific, enhance connectivity, and explore new growth opportunities in artificial intelligence, the digital economy and sustainable development, he added. Customs statistics show that China’s trade with other APEC economies reached 24.07 trillion yuan during the January-September period, up 23.9% year-on-year, accounting for 60.3 percent of the country’s total foreign trade. To date, China has signed free trade agreements with 15 other APEC members, providing institutional support for deeper regional economic and trade cooperation. Ningbo Haomi Information Technology Co., a manufacturer of electromechanical products — such as ice makers and snowblowers — based in Ningbo, Zhejiang province, is expanding its presence in APEC markets, with the United States among its major export destinations. Data from Ningbo Customs shows that the company’s electromechanical product exports to APEC economies soared more than 78% year-on-year to 60.2 million yuan in the first nine months. Wu Fan, operations director at Ningbo Haomi, said that closer cooperation among APEC economies and greater trade facilitation will help the company maintain stable partnerships with U.S. customers, reduce logistics costs and ensure timely deliveries. The rapid expansion of AI and data centers in the Asia-Pacific region has also fueled demand for power generation equipment, creating new growth opportunities for Leroy Somer Electro-Technique (Fuzhou) Co., a foreign-invested generator manufacturer based in Fuzhou, Fujian province. The company’s exports increased 21% year-on-year to 757 million yuan in the first nine months, driven by strong demand from APEC economies including Australia, Canada, South Korea and Malaysia, according to Fuzhou Customs. Huang Jiyun, administrative director at Leroy Somer, said that to meet growing overseas orders, the company has leased an additional 215,000 square feet of production space and added four production lines in Fuzhou this year. “We also plan to expand production of power generation equipment for cleaner energy sources,” Huang added. [](https://www.chinadaily.com.cn/) ## China Daily Website - Connecting China Connecting the World Since its launch in 1981, China Daily has grown to become the nation’s leading English-language newspaper. With a combined print, online and mobile readership of more than 470 million, it serves a vital role in telling the world about China, providing valuable insight into the world’s second-largest economy. 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