Sun, November 13, 2011
China > China & World > President Hu attends APEC summit

Chinese president outlines four-point proposal on Asia-Pacific economic development

2011-11-12 20:13:24 GMT2011-11-13 04:13:24(Beijing Time)  Xinhua English

Chinese President Hu Jintao delivers keynote speech during the CEO summit of the Asia-Pacific Economic Cooperation (APEC) in Honolulu, Hawaii, the United States, on Nov. 12, 2011. (Xinhua/Huang Jingwen)

HONOLULU, United States, Nov. 12 (Xinhua) -- Chinese President Hu Jintao, in a speech delivered on Saturday in Honolulu, Hawaii, called on Asia-Pacific economies to make all efforts to achieve a balanced, inclusive, sustainable, innovative and safe economic growth.

In a keynote speech at the CEO summit of the Asia-Pacific Economic Cooperation (APEC), the Chinese leader analyzed the current global and regional economic situation and made proposals for economic growth and stability.

He called for improving global economic governance, promoting green growth, and deepening the regional economic integration to stimulate the global economic recovery.

With the theme of "The Future: Redefined," the two-day summit, which opened Friday, focuses on advancing trade and economic policy and partnerships for the future of the APEC region.

High-profile participants, including government leaders, private sector chairmen and CEOs and other influential leaders from the Asia-Pacific, are attending various sessions during the CEO summit.

President Hu is currently in Honolulu for the APEC Economic Leaders' Meeting, which convenes on Saturday and Sunday.

APEC is the premier economic forum in the Asia-Pacific region.

Since APEC's birth in 1989, it has grown to encompass 21 members spanning four continents and become the most economically dynamic region in the world, accounting for approximately 40 percent of the world's population, around 50 percent of the world GDP and about 44 percent of world trade.

APEC's 21 member economies are Australia, Brunei, Canada, Chile, China, China's Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.

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