For­tune 500 ex­ec­u­tives have role to play in APEC sum­mit

China Daily (Canada) - - BUSINESS - By ZHONG­NAN zhong­nan@chi­nadaily.com.cn

More than one-quar­ter of the For­tune 500 com­pa­nies will send ex­ec­u­tives to at­tend the APEC 2014 CEO Sum­mit in China, a sign that they are re­ly­ing on one of the world’s big­gest re­gional trade blocs to fuel their growth.

Yu Ping, vice-chair­man of the China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade, said that Pres­i­dent Xi Jin­ping will at­tend the sum­mit and de­liver a key­note speech. Heads of gov­ern­ment from the United States, New Zealand, Chile, In­done­sia, Viet­nam and at­tend.

The sum­mit will gather 1,500 APEC eco­nomic lead­ers, chief ex­ec­u­tive of­fi­cers and schol­ars in Beijing to dis­cuss key is­sues fac­ing the de­vel­op­ment of the Asia-Pa­cific re­gion. The top­ics will in­clude ad­vanc­ing re­gional eco­nomic in­te­gra­tion, pro­mot­ing in­no­va­tive de­vel­op­ment, eco­nomic re­form and growth, as well as strength­en­ing com­pre­hen­sive con­nec­tiv­ity and global fi­nance.

The sum­mit and APEC Business Ad­vi­sory Coun­cil di­a­logue with lead­ers will be held on Nov 9 and 10.

“Business com­mu­ni­ca­tions will be stepped

other

economies

will

also up to in­crease un­der­stand­ing be­tween Chi­ne­se­and­in­ter­na­tion­al­com­pa­niesas the global econ­omy re­cov­ers,” said Yu.

“The Asia-Pa­cific re­gion has be­come the area with the world’s fastest eco­nomic growth, great­est po­ten­tial and most ac­tive co­op­er­a­tion,” said Yu. “The re­gion’s de­vel­op­ing mo­men­tum is un­prece­dent­edly ro­bust with freer flows of cap­i­tal, com­modi­ties, in­for­ma­tion and la­bor, as well as a mega­mar­ket.”

The21APECe­conomiesac­count for40per­cent of the world’s pop­u­la­tion, 57 per­cent of global GDP and 46 per­cent of in­ter­na­tional trade. Th­e­sum­mi­tis the premier plat­form for APEC eco­nomic lead­ers and business ex­ec­u­tives to dis­cuss eco­nomic is­sues and pro­mote re­gional trade, in­vest­ment and co­op­er­a­tion.

CCPIT has been re­spon­si­ble for or­ga­niz­ing Chi­nese business del­e­ga­tions to the APEC CEO Sum­mits held in dif­fer­ent coun­tries since 2000.

“Ea­ger to re­store their earn­ings po­ten­tial, all big in­ter­na­tional com­pa­nies have been call­ing on gov­ern­ments in coun­tries where they have in­vest­ment to ac­cel­er­ate the pace of mar­ket re­form, trade poli­cies, in­vest­ment con­di­tions, gov­ern­ment work ef­fi­ciency and the rule of law,” said Zhou Shi­jian, a se­nior re­searcher at Ts­inghuaUniver­sity.

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