On September 29, 2026, the 25th Ministerial Meeting of the Central Asia Regional Economic Cooperation Mechanism was held in Ulaanbaatar, the capital of Mongolia. Vice Minister of Finance Liao Min led a delegation to attend the conference and delivered a speech. Liao Min said that in the 25 years since the CAREC mechanism was established, it has achieved remarkable results in promoting regional cooperation and promoting common development. China is ready to make full use of its industrial advantages, work with member countries to deepen regional connectivity, consolidate and expand cooperation in key areas, promote the development of digitalization and artificial intelligence, strengthen the CAREC mechanism to coordinate and form development synergies with the joint construction of the “Belt and Road” initiative, global development initiatives, and global governance initiatives, and promote CAREC cooperation to achieve more practical results. Liao Min pointed out that China's economy is running smoothly this year. The economic growth rate reached 4.7% in the first half of the year, showing strong resilience and vigor. China has the confidence, ability, and conditions to maintain stable and healthy economic development and achieve a good start to the “15th Five-Year Plan”.

On September 29, 2026, the 25th Ministerial Meeting of the Central Asia Regional Economic Cooperation Mechanism was held in Ulaanbaatar, the capital of Mongolia. Vice Minister of Finance Liao Min led a delegation to attend the conference and delivered a speech. Liao Min said that in the 25 years since the CAREC mechanism was established, it has achieved remarkable results in promoting regional cooperation and promoting common development. China is ready to make full use of its industrial advantages, work with member countries to deepen regional connectivity, consolidate and expand cooperation in key areas, promote the development of digitalization and artificial intelligence, strengthen the CAREC mechanism to coordinate and form development synergies with the joint construction of the “Belt and Road” initiative, global development initiatives, and global governance initiatives, and promote CAREC cooperation to achieve more practical results. Liao Min pointed out that China's economy is running smoothly this year. The economic growth rate reached 4.7% in the first half of the year, showing strong resilience and vigor. China has the confidence, ability, and conditions to maintain stable and healthy economic development and achieve a good start to the “15th Five-Year Plan”.