China calls for global trade liberalization

0 Comment(s)Print E-mail Xinhua, November 25, 2011
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President Hu urges to promote trade and cooperation

While attending the APEC leaders' meeting in Hawaii, Hu explained China's view on the world and regional economic situations and China's position on Asia-Pacific cooperation. Hu also outlined China's pro-growth economic measures and its concept of win-win cooperation.

Hu stressed that APEC members should promote trade and investment liberalization and facilitation in an all-round manner. The members, Hu said, also should deepen regional economic integration and enhance economic and technological cooperation in an effort to achieve the common prosperity of all members.

He added that APEC, as the most important economic cooperation mechanism in the Asia-Pacific region, should widen its cooperation agenda and promote structural reform in accordance with the new development trend of global economic growth.

Hu also urged the organization to play a unique role in supporting the efforts of its members in shifting economic growth mode and deepening economic integration in the region.

Hu said that China has become a fast-growing emerging market whose rapid development will become an important driver and source of economic growth in the Asia-Pacific region as well as the world.x Meanwhile, Hu called on all parties to properly deal with the deep-level problems in the world economy that were exposed in the international financial crisis.

The president urged APEC members to implement the APEC Leaders' Growth Strategy adopted last year in Yokohama, Japan, and to speed up the shift in the mode of economic growth.

Hu also urged the members to improve the quality of economic growth, and continue to advance globalization and integration in the region. Hu urged the members to push the economy to grow in a balanced, sustainable and innovative manner.

Robert Kuhn, an investment banker and corporate strategist, said Hu's remarks offered a new thinking for the global economic growth, which was trying to seek a balance between competition and cooperation.

Ted Carpenter, a senior fellow at Washington-based think-tank Cato Institute, said Hu's speech showed China's rising economic and diplomatic leadership in the Asia-Pacific region, calling his appeals for anti-protectionism and stronger regional economic cooperation very constructive.

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