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Chinese President Hu Jintao (2nd L, front) and leaders of other APEC members pose for group photo during the 19th Asia-Pacific Economic Cooperation (APEC) Informal Leadership Meeting in Honolulu, Hawaii, the U.S., on Nov. 13, 2011. (Xinhua/Huang Jingwen)
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The Chinese president also proposed the following three steps to build an Asia-Pacific region of peace, development, prosperity and harmony.
First, promote in a comprehensive way trade and investment liberalization and facilitation.
"We should deepen cooperation on the global supply chain, enhance infrastructural connectivity and network building in the region and eliminate barriers to the flow of goods and services in order to save time and reduce cost," said Hu.
He also highlighted the necessity to "improve the policy environment for th e growth of small and medium-sized enterprises, give them more encouragement, support and guidance, ease their financing difficulties, and integrate them into the global industrial chain.
Second, deepen cooperation on green growth in the Asia-Pacific region.
"We should steadily reduce tariffs and non-tariff barriers regarding environmental goods, and promote technology dissemination of and cooperation on environmental goods and services," Hu said.
Asia-Pacific economies need to support environmental industries in developing APEC members, strive for a win-win outcome in trade, the environment and development, and avoid new green barriers.
Third, advance economic structural reform and regulatory cooperation.
"We should enhance cooperation in priority areas of economic structural reform under the principles of voluntarism, equality, reciprocity, incremental progress and being flexible and pragmatic and continue to increase economic competitiveness of the Asia-Pacific region," Hu said.
APEC should give priority to activities such as capacity building and experience sharing to help its members improve and shift the growth model, carry out administrative reform, improve decision-making mechanisms, and foster a dynamic, efficient and more open policy environment conducive to trade and investment in the Asia-Pacific region.
Ten years after its entry into the World Trade Organization and 20 years into the APEC, China has opened further and wider to the world, with its trade and two-way investment increasing rapidly and its open economy growing in an all-round way, Hu said.
China has established closer links with other countries and regions and achieved win-win progress for both itself and the world, Hu said.
"We have pushed forward economic and social progress through opening-up, improved the market economic structure and established a unified and predictable trade system in conformity with WTO rules, thus making China one of the most open markets in the world," the Chinese president said.
China is a staunch supporter of global trade and investment liberalization and facilitation and has actively participated in and promoted the building of a multilateral trading regime and regional trade cooperation, he said.
The process of China's participation in regional and global trade shows that only by combining opening-up with domestic reform and development, and only by participating in and moving forward global trade and investment liberalization and facilitation, can a country make its own development an integral part of global economic development and achieve win-win progress, he said.
China will continue to implement a win-win strategy of opening-up and make it work even better, Hu declared.
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