Full text of Xi's remarks at 26th APEC Economic Leaders' Mee
Chinese President Xi Jinping attends the 26th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting and delivers a speech titled "Harnessing Opportunities of Our Times To Jointly Pursue Prosperity in the Asia-Pacific" in Port Moresby, Papua New Guinea, on Nov. 18, 2018. (Xinhua/Huang Jingwen)
PORT MORESBY, Nov. 18 (Xinhua) -- Chinese President Xi Jinping delivered a speech titled "Harnessing Opportunities of Our Times To Jointly Pursue Prosperity in the Asia-Pacific" here on Sunday at the 26th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting.
The following is the full text of his remarks:
Harnessing Opportunities of Our Times
To Jointly Pursue Prosperity in the Asia-Pacific
Remarks by H.E. Xi Jinping
President of the People's Republic of China
At the 26th APEC Economic Leaders' Meeting
Port Moresby, 18 November 2018
Honorable Prime Minister Peter O'Neill,
It gives me great pleasure to join you in the beautiful city of Port Moresby. This is the first time for us APEC economic leaders to meet in the Pacific Islands region. We gather under the theme "Harnessing Inclusive Opportunities, Embracing the Digital Future" to review what we have achieved in our cooperation and chart the course for the future of the Asia-Pacific. I wish to thank the Papua New Guinean government and Prime Minister O'Neill in particular for the commendable efforts you have put in to host this meeting.
Our world is undergoing rapid development and changes. A new round of technological and industrial revolution is unfolding. The system of global governance is being profoundly reshaped; and the evolution of the international architecture is accelerating. On the other hand, global development faces acute deep-seated problems. Protectionism and unilateralism are resurfacing. The multilateral trading system is under assault. The global economic environment is fraught with risks and uncertainties.
As a line in the Chinese classics reads, "A man of vision sees the trend of the times and follows it." We have reached a crossroads of history, when we must have a keen appreciation of the trend of our world and take the pulse of the world economy. That is how we will be able to respond to the call of our time and chart our future course accordingly.
First, we need to advance economic integration in our region so as to build an open economy in the Asia-Pacific. We should continue to promote trade and investment liberalization and facilitation. The road toward a Free Trade Area of the Asia-Pacific (FTAAP) will not be smooth. Yet, we need to remain committed to this goal and move toward it. We need to adopt an open, inclusive and transparent approach to the various kinds of free trade arrangements to ensure coordinated and positive interactions among them. We need to firmly uphold the rules-based multilateral trading system and say no to protectionism. The World Trade Organization is exploring a new round of reform. Such reform should be designed to enable the WTO to better play its role and uphold the core values and underlying principles of the multilateral trading system instead of having the Organization overhauled. What we need is to make economic globalization more open, inclusive, balanced and beneficial for all.
This year marks the 40th anniversary of China's reform and opening-up initiative. China will pursue with resolve continued reform across the board. We will speed up efforts to improve our socialist market economy and put in place a modern economic system. China will continue to pursue its fundamental policy of opening-up by significantly expanding market access, better protecting intellectual property rights, and making our investment and business environment more attractive. The first China International Import Expo, which was successfully concluded in Shanghai just a week ago, was attended by 172 countries, regions and international organizations, and 3,600-plus companies and over 400,000 Chinese and foreign buyers who sealed 57.8 billion U.S. dollars worth of deals. The Hongqiao International Economic and Trade Forum held alongside the Expo was attended by over 4,500 leading personages from various sectors. This sent one more message about China's strong commitment to support free and open trade and to voluntarily open its market to the world.
Second, we need to pursue innovation-driven growth and foster new growth drivers. Digital economy represents the development of the future for both the Asia-Pacific and the world at large. We need to recognize and follow the trend of innovation-driven development as a trend of the times, and fully implement the Internet and Digital Economy Roadmap in a balanced way, so as to unleash the growth potential of digital economy. We need to promote the building of digital infrastructure and capacity, make digital economy more accessible and bridge the digital divide. Our goal should be for the benefits of digital economy to reach all member economies at different stages of development and for the people of the Asia-Pacific to get aboard the fast train of a growing digital economy.