ST. PETERSBURG, May 25 -- Chinese Vice President Wang Qishan on Friday urged countries around the world to build trust and boost cooperation in order to tackle international challenges and cement the foundation for sustainable global growth.

He made the appeal in a speech at a plenary session of the 22nd St. Petersburg International Economic Forum (SPIEF), a three-day event in Russia's "northern capital" with the key theme of "Building a Trust Economy."

Pointing out that no single country can cope with today's challenges alone, Wang said building a trust economy that features equality, mutual trust, mutual benefit, inclusiveness and good faith between enterprises, markets and countries, is an effective way to unleash the potential of global growth.

Building trust needs mutual understanding and mutual respect, he said, adding that it also needs all parties to discover and solve their own problems and consolidate their self-confidence.

The Chinese vice president stressed that politicizing economic and trade issues and picking up the stick of economic sanctions at the slightest provocations will gravely impair market certainty.

No country should blame its own problems on others, and all countries should pursue development paths that suit their own realities and strive for common development through opening up and cooperation, Wang said.

He suggested that countries around the world join forces to chart the course forward with structural economic reforms and innovative development.

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