Global growth has slowed due to the impact of the COVID-19 pandemic，the Ukraine Crisis and monetary tightening in developed economies，but demand in Asia-Pacific economies remains strong and economic development remains resilient. While the old political problems remain unresolved in the Asia-Pacific economies，a series of factors have exerted a complex influence on the political situation of the region. The Biden administration continues to promote comprehensive strategic competition with China，and at the same time，it also leads the regional order to accelerate restructuring. With the COVID-19 epidemic yet to be effectively controlled，the Asia-Pacific region is speeding up the development of digital economy，some economies in the region are experiencing political turmoil，traditional and non-traditional security challenges coexist，and the trend of competition in regional cooperation has become increasingly prominent. Looking ahead to 2023，there is still huge uncertainty in Asia’s economic development，some developing economies may face stability challenges in the future，the regional security situation will remain unstable，and the RCEP and the Indo-Pacific Economic Framework and other regional cooperation architectures are clearly differentiated.