China Achieves New Heights in Energy Exploration and Rural Development Amidst APEC Leaders' Meeting
On November 15-17, leaders from member economies gathered for the Third Tenth APEC Leaders' Nonformal Meeting in San Francisco, USA, to build a community of shared future in the Asia-Pacific region. The Asia-Pacific region has become a key driver of global growth since 2013, boasting the largest economic scale and most dynamic development in the world.
15 November 2023
During the meeting, significant progress was made towards strengthening regional economic cooperation and promoting sustainable development. One notable achievement came from China's Yuejin 3-3XC well in the Tarim Basin, which tested and achieved high oil and gas flow on November 15th. The well produced daily crude oil of 200 tons and natural gas of 50,000 cubic meters, setting a new record for the deepest land well drilled in Asia with a completed depth of 9,432 meters, surpassing even Mount Everest's height.
This achievement sparked excitement among Chinese netizens on Weibo, who celebrated the milestone as a testament to China's technological and economic prowess. Many expressed pride in their country's advancements and optimism for future growth. However, some netizens also voiced concerns about overexploitation of natural resources and environmental sustainability.
In addition to the energy sector, rural beautification construction has significantly improved living conditions and infrastructure in remote areas like Anhui Mingguang Suzhang Town's Dazhuang village. Previously an impoverished area with poor environmental quality, the village has transformed into a scenic attraction, showcasing the benefits of rural development efforts.
Netizens from across China shared their admiration for these improvements and the positive impact they have had on residents' happiness and local economic growth. However, there were also comments criticizing the government's handling of rural development, with some netizens demanding more investment in impoverished areas to ensure equal opportunities for all communities.
While the Third Tenth APEC Leaders' Nonformal Meeting focused on regional economic cooperation and sustainable growth, it also sparked discussions among Weibo users about social inequality, environmental conservation, and economic development in China and the Asia-Pacific region. As the world looks towards the future of global economic growth, these conversations highlight the importance of balancing progress with sustainability and equity for all communities.