Courtesy of Xinhua/Liu Jiansheng. Chinese President Xi Jinping attends a group discussion during the APEC Business Advisory Council Dialogue With Leaders in Beijing, China, Nov. 10, 2014.
Chinese President Xi Jinping outlined today 4 achievements of the APEC meetings hosted by China this year.
Achievement No 1
Launch of the Free Trade Area of the Asia-Pacific (FTAAP) process, which points out the direction for Asia-Pacific cooperation.
Achievement No 2
Issuance of a statement on the 25th anniversary of the APEC, which draws on past experience and sketches out the future vision.
Achievement No 3
Promotion of innovation, reforms and growth to seek new momentum for long-term development of the Asia-Pacific region
Achievement No 4
Solid foundation for connectivity in the Asia-Pacific.
Xi noted that the Asia-Pacific faces both significant opportunities and various uncertainties. He urged the APEC to “add firewood to the fire of the Asia-Pacific and world economy.”
Xi welcomed the moves of setting up the Asian Infrastructure Investment Bank and building the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
Xi also expressed confidence in finding balance between growth, restructuring, people’s welfare and reforms to foster steady and long-term development of the China’s economy.
“For China, the ‘middle-income trap’ will definitely be crossed. The key is when it will happen and how to move forward better after that,” he said.
China will continue growing at a medium-high speed and improving the quality of its economy Xi stressed.
At the end of October the World Bank suggested that China should lower its economic growth target to 7% and focus on reforms to improve the quality of its economy [China Should Focus On Reforms And Cut Its Economic Growth Target To 7% – World Bank].
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Source: Xinhua
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