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China’s Vice Finance Minister Liao Min Attends 25th CAREC Ministerial Meeting in Ulaanbaatar

Vice Minister of Finance Liao Min led a Chinese delegation to the 25th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) mechanism, held in Ulaanbaatar, Mongolia, on September 29. The meeting, themed “25 Years of Partnership — Shaping the Future Together,” reviewed the mechanism’s 25-year history and discussed future cooperation, deepening connectivity and using artificial intelligence to promote regional development. Liao spoke at the session.

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AI take

The notable signal here is the framing: AI is now being folded into a multilateral development mechanism's agenda alongside connectivity, which suggests regional infrastructure finance is starting to treat digital capacity as core rather than adjacent. For RWA and tokenization watchers, the relevant thread is whether CAREC's connectivity agenda eventually extends to cross-border digital infrastructure standards, since those tend to precede any serious discussion of asset-level interoperability. The open question is whether this remains a thematic talking point or translates into concrete working groups — the readout gives no indication either way.

Generated by AI for reference only.

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