Chinese President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation CEO Summit held in Lima, capital of Peru, Nov 19, 2016. [Photo/Xinhua]

Chinese President Xi Jinping on Saturday delivered a keynote speech at the Asia Pacific Economic Cooperation (APEC) CEO Summit in Lima, capital of Peru, highlighting open economy, inter-connectivity and global growth. The following is the gist of his address:

-- We traveled thousands of miles to Peru for a common goal: To discuss the ideas and measures for promoting the development in Asia-Pacific region.

-- The Asia-Pacific should boost economic integration and build open economy as openness is the lifeline of the regional economy.

-- Any regional trade arrangement, in order to earn broad support, must be open, inclusive and all-win; closed or exclusive pacts are not the right choice.

-- Building the FTAAP is a strategic choice concerning the long-term prosperity of the Asia-Pacific; We should steadfastly promote its construction and provide institutional guarantees for fostering an open regional economy.

-- We need to promote inter-connectivity and realize collaborative development. Inter-connectivity is an important way to unleash development potential and serves as a basic premise for the realization of collaborative development.

-- The Belt and Road Initiative, with inter-connectivity as main focus, was proposed three years ago to facilitate the free and convenient circulation of production factors, forge platform for diversified cooperation and realize win-win results and shared development. It has gained active participation and support from over 100 countries and international organizations as of now.

-- Braving anemic global growth and domestic challenges, China has kept its contribution to world economic growth at more than 25 percent in recent years.

-- China will implement its opening-up strategy more actively, so as to create a deeper, more comprehensive and diversified pattern of opening-up.

-- In 5 years, China is expected to bring its volume of imports to 8 trillion U.S. dollars, total amount of inward foreign investment 600 billion dollars, stock of outward foreign investment 750 billion dollars, and number of outbound tourist trips 700 million.

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