Finance chiefs of the 21 Pacific Rim economies gathered in Beijing on Wednesday, stating that they will unleash a new driving force of growth by drawing more investment for infrastructural development.

APEC member economies will mobilize investors from the private sector to join the infrastructure construction in order to push forward the development of their domestic capital markets, according the statement.

The APEC Finance Ministers’ Meeting is one of the most important ministerial meetings under the APEC mechanism. It is also an important platform for Asia-Pacific economies to discuss global and regional fiscal and financial issues and to push forward economic cooperation in the region.

Report compiled with information from CCTV News.