Although China's economic development could be seen as an opportunity for Taiwan, Lee said that he is also worried that Taiwan might lose its competitive edge during the course of time.
In the era of globalization, Lee said that all APEC economies should make efforts to compete and cooperate towards the common goal of bettering regional welfare as well as that of the entire human race.
"There's no world peace if mankind cannot solve the plight of the African continent," he said. "There's no hope if the world doesn't work together as a family to work out problems and respect each other's unique customs and cultures."
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