China News Agency, Beijing, May 24 (Reporter Li Xiaoyu) In response to US President Biden's announcement of the launch of the "Indo-Pacific Economic Framework", the spokesperson of the Chinese Ministry of Commerce said on the 24th that relevant initiatives should remain open and inclusive, rather than discriminatory and exclusive.

  Biden announced the launch of the "Indo-Pacific Economic Framework" during his visit to Japan.

Currently, the framework has 13 members including the United States, South Korea, Japan, India, Australia, New Zealand, Indonesia, Thailand, Malaysia, the Philippines, Singapore, Vietnam, and Brunei.

  In this regard, the spokesperson of the Ministry of Commerce said that the success of the Asia-Pacific economy benefits from open cooperation, mutual benefit and win-win results.

To contribute to the prosperity and development of the region, relevant initiatives should remain open and inclusive rather than discriminatory and exclusive; they should promote economic cooperation and solidarity, rather than damage and divide existing mechanisms.

China has always been open to regional economic cooperation initiatives that meet the above criteria.

  The spokesperson said that China will adhere to open regionalism and work together with its trading partners in the Asia-Pacific region to share a common destiny.

China is willing to further deepen pragmatic cooperation with all parties, promote regional economic integration, promote economic recovery in the region, and maintain regional peace, stability and development.