Recalling the establishment of APEC, Xi said its birth and growth echoed the historical trend of openness and integration, the region's fervent desire for development and the people's need to meet challenges through cooperation.
Today's Asia-Pacific has the world's most dynamic and promising economy, which is recognized as a key engine driving global growth, he said.
"The world today is going through major development, transformation and change. While economic globalization surges forward, global growth is shadowed by protectionism and unilateralism," said the Chinese president.
A new revolution in science, technology and industry is in the making; but old driving forces are yet to be replaced by new ones, Xi said.
The international landscape is undergoing profound changes, but imbalance in development is yet to be addressed, he said, adding that the reform of the global governance system is gathering momentum, but improving its efficiency remains a major challenge.
XI'S PROPOSALS
The Chinese president made a five-pronged proposal on world economic development and global governance.
First, it is advisable that the economies focus on openness to create more space for development.
He called for efforts to build a free trade area of the Asia-Pacific (FTAAP).
"We should say no to protectionism and unilateralism, uphold the WTO-centered multilateral trading system, make economic globalization more open, inclusive, balanced and beneficial to all, and expand converging interests and share opportunities through opening-up and cooperation," he said.
【国内英语资讯:Spotlight: Xi calls for inclusive, rule-based world economy at APEC meeting】相关文章:
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