Xi’s APEC key­note speech shows China’s wis­dom, sense of re­spon­si­bil­ity

Global Times US Edition - - FORUM - By Zhu Jun­qing The au­thor is a writer with the Xinhua News Agency. The ar­ti­cle first ap­peared on Xinhua. opin­ion@glob­al­times.com.cn

The key­note speech of Chi­nese Pres­i­dent Xi Jin­ping at the 25th APEC Eco­nomic Lead­ers’ Meet­ing in Viet­nam out­lined prag­matic ways in which the eco­nomic en­vi­ron­ment in the Asia-Pa­cific re­gion can be im­proved – by fur­ther­ing eco­nomic glob­al­iza­tion, fos­ter­ing an open econ­omy and pro­mot­ing trade and in­vest­ment lib­er­al­iza­tion.

His em­pha­sis on the im­por- tance of an open econ­omy, in­no­va­tion-driven de­vel­op­ment, con­nec­tiv­ity and in­clu­sive de­vel­op­ment shows China’s in­sight on global eco­nomic gov­er­nance and com­mit­ment to com­mon de­vel­op­ment. It also shows the re­spon­si­ble role China has as­sumed in in­ter­na­tional af­fairs, con­tribut­ing Chi­nese wis­dom to global de­vel­op­ment.

At a time when some coun­tries are turn­ing their backs on eco­nomic glob­al­iza­tion, China has lived up to its re­spon­si­bil- ity by pur­su­ing the ir­re­versible trend.

China has also lived up to its re­spon­si­bil­ity by adapt­ing to new sit­u­a­tions with ini­tia­tive and pro­mot­ing struc­tural re­form for progress.

As the world’s sec­ond-largest econ­omy, China has over the past five years taken proac­tive steps to adapt to the new nor­mal of its econ­omy and deep­ened sup­ply-side struc­tural re­form. As a re­sult, the Chi­nese econ­omy has main­tained steady per­for­mance, steer­ing to­ward a bet­ter-qual­ity, more ef­fi­cient, fairer and more sus­tain­able de­vel­op­ment. Over the past four years, China’s econ­omy has grown by 7.2 per­cent on av­er­age an­nu­ally, con­tribut­ing over 30 per­cent of global growth.

China has lived up to its re­spon­si­bil­ity by of­fer­ing vi­able so­lu­tions to the thorny prob­lems fac­ing the world econ­omy.

Last but not least, China has been pur­su­ing shared de­velop- ment ben­e­fits across the globe. The call to deepen re­gional eco­nomic in­te­gra­tion, de­vel­op­ing an open and in­clu­sive mar­ket, and strength­en­ing the bond of shared in­ter­ests at­tests to that.

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