Posted by: mel | November 14, 2009

Hu proposes for reviving economy, developing relations with Indonesia, Chile, Peru

Xinhua | SINGAPORE | 14 November 2009

Chinese President Hu Jintao Friday put forward a four-point proposal on reviving the world economy and several suggestions on developing relations with Indonesia, Chile and Peru.

    Hu attended the Asia-Pacific Economic Cooperation (APEC) CEO Summit on Friday and met with his counterparts from Indonesia, Peru and Chile ahead of the APEC Economic Leaders’ Meeting scheduled for Nov. 14-15.

    In a speech entitled “Strengthen Confidence in Cooperation and Revive the World Economy,” the Chinese president proposed to make greater efforts in four areas at the APEC CEO Summit.

    First, strongly promoting trade and investment liberalization and facilitation.

    “We must continue to promote trade and investment liberalization and facilitation and oppose protectionism in all its manifestations, particularly the unreasonable trade and investment restrictions imposed on developing countries,” he told the gathering of some 1,000 business leaders from the Asia-Pacific region.

    Second, Hu urged to push forward regional economic integration through multiple channels.

    “We should continue to explore diverse ways to accelerate economic integration in the Asia-Pacific. We should promote economic structural reform with a focus on regulatory reform in a voluntary, flexible and pragmatic fashion,” said the Chinese president.

    Third, he called for renewed efforts to advance the reform of the international financial system.

    “We should follow a comprehensive, balanced, incremental and results-oriented approach and work for a fair, just, inclusive and well-managed international financial system and an institutional environment conducive to sound development of the world economy,” he said.

    Fourth, he urged to accelerate the transformation of economic development patterns with innovative ideas.

    “We should speed up scientific and technological innovation and industrial upgrading, develop the green economy and the circular economy, and rely on scientific and technological advancement to build up the internal dynamism of the world economy,” Hu added.

    He also called for intensifying economic and technical cooperation, reducing man-made barriers to technology transfer, narrowing the technology gap, especially the green technology gap, between developed and developing members and avoiding a new “green divide”.

    During his meeting with his Indonesian counterpart Susilo Bambang, Hu put forward four suggestions on furthering bilateral relations.

    Firstly, Hu said the two countries should deepen mutual trust in the political area and leaders of the two countries should maintain close contact so as to have prompt and extensive exchanges of opinions on major issues.

    He suggested an early signing of the strategic partnership action plan to upgrade bilateral strategic cooperation.

    Secondly, he said the two countries should step up trade and economic cooperation.

    Thirdly, he suggested that the two countries expand personnel exchanges.

    Fourthly, Hu said China and Indonesia should have even closer cooperation on multilateral issues.

    When meeting with Chilean President Michelle Bachelet Jeria, Hu spoke highly of the new progress in China-Chile relations and put forward three proposals on further advancing the relations.

    First, the two countries should maintain high-level contacts and continue to support each other on issues of mutual concern.

    Second, both sides should join hands in addressing the impact of the international financial crisis by adopting positive measures to maintain a stable growth of bilateral trade.

    The Chinese government, Hu said, would continue to encourage and support China’s well-established companies to invest and do business in Chile.

    Third, China and Chile should take advantage of next year’s 40th anniversary of their diplomatic ties to expand cultural exchanges so as to enhance mutual understanding and friendship.

    The Chinese president also held talks with his Peruvian counterpart Alan Garcia to discuss the development of bilateral pragmatic cooperation.

    During the meeting, Hu said the heads of state of China and Peru last year visited each other’s country and reached consensus on deepening cooperation in all areas.

    In the past year, China-Peru relations witnessed rapid development, with strategic mutual trust being increased and exchanges of high-level visit being frequent, Hu added.

    The Chinese president said the two countries had also deepened their pragmatic cooperation, increased investment and signed a bilateral free trade agreement.

    A Chinese Navy fleet will also pay a goodwill visit to Peru next month, he added.

    This year marks the 160th anniversary of the Chinese settlement in Peru, and China values its bilateral strategic partnership and traditional friendship with the Latin American country, he said.

    The Chinese president arrived in Singapore on Wednesday for a state visit and to attend the 17th APEC Economic Leaders’ Meeting.


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