Xi Jinping Attends APEC CEO Summit and Delivers Keynote Speech, Stressing to Pursue Enhanced Partnership for Greater Momentum of Growth and Realize Common Development and Prosperity of the Asia-Pacific

On November 19, 2016 local time, the 2016 APEC CEO Summit was held in Lima, Peru. President Xi Jinping attended the summit at invitation and delivered a keynote speech entitled "Enhanced Partnership for Greater Momentum of Growth", stressing that the Asia-Pacific must energize the world economy and create new opportunities for global growth. While striving for its own development, China will also work to promote the common development of all Asia-Pacific countries and create more opportunities for people in our region.

Xi Jinping pointed out that the Asia-Pacific is now at a critical stage. With unsurpassed economic aggregate and vibrancy, the Asia-Pacific must lead the way and take strong and coordinated actions to energize the world economy and create new opportunities for global growth.

First, we should promote an open and integrated economy. We need to put in place a framework for regional cooperation featuring equal consultation, joint participation and shared benefits, firmly pursue the construction of a Free Trade Area of the Asia-Pacific (FTAAP), energize trade and investment to drive growth, make free trade arrangements more open and inclusive and uphold the multilateral trading regime. We need to actively guide globalization, promote equity and justice and make globalization more resilient, inclusive and sustainable, so that people will get a fair share of its benefits and will see that they have a stake in it.

Second, we should enhance connectivity to achieve interconnected development. We need to build a multi-dimensional connectivity network that covers the Asia-Pacific, follow up on the Connectivity Blueprint adopted at the APEC meeting in Beijing in 2014, and make the Asia-Pacific fully connected by 2025. China welcomes all parties to join the "Belt and Road" initiative to meet challenges, share opportunities and seek common development.

Third, we should boost reform and innovation to create more internal driving force. We APEC members should act on consensus and principles reached during the APEC Economic Leaders' Meeting held in Beijing and the G20 Hangzhou Summit, change growth model, step up macro-policy coordination, firmly advance structural reform, accelerate efforts to explore new development philosophy, model and pathway, move our industries and products up the global value chain and expand space for development.

Fourth, we should promote win-win cooperation to forge strong partnership. We should commit ourselves to building a community of shared future that will bring us closer, and continue to deepen and expand cooperation in our region. We should build platforms and set rules together and share development outcomes. We should encourage equal participation, full consultation, mutual assistance and shared development. Every effort should be made to foster a sound and stable environment for development, and no factor should be allowed to obstruct the development process of the Asia-Pacific.

Xi Jinping pointed out that China has maintained steady and sound growth, thus giving a strong boost to growth in the Asia-Pacific and the world. China has begun to implement its 13th five-year plan this year. We have adapted to and steered the new normal of economic development, continued to carry out reform across the board, pursue innovation-driven development and accelerated the shift of growth model and economic structural adjustment. Thanks to these efforts, China's economy is operating within a proper range. Both now and in the time to come, China will carry out supply-side structural reform, promote innovation-driven development, promote high-standard, two-way opening-up and promote shared and green development. China's economy has a promising future, and China's development will present great opportunities to the world.

Xi Jinping stressed that since becoming an APEC member 25 years ago, China has, together with other members, pursued development and shared prosperity, advanced opening-up and deepened integration, blazed new trails and taken bold initiatives, and pursued shared development based on mutual respect and assistance. No matter what level of development it may reach, China, with its root in the Asia-Pacific, will continue to contribute to its development and prosperity. China is committed to peaceful development and a win-win strategy of opening-up. While striving for its own development, China will also work to promote the common development of all Asia-Pacific countries and create more opportunities for people in our region. The business community, as the most dynamic force in the global economy, plays a crucial role in driving reform, development and innovation. I hope you will take the lead in pursuing win-win cooperation and make new contribution to economic growth in both the Asia-Pacific and the whole world.

Wang Huning, Li Zhanshu, Yang Jiechi, Leung Chun-ying and other officials were present at above event.

On the same day, Xi Jinping also attended the dialogue between APEC leaders and the representatives of the APEC Business Advisory Council, exchanging views with them on FTAAP and Asia-Pacific economic integration, connectivity, Chinese economy and policies, as well as other topics.