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From Bali to Da Nang, Xi expands China's footprints in Asia-Pacific development

Hits:  UpdateTime:2017-11-17 16:46:06

Diagnosing world economy

Noting the global economy is undergoing more profound changes, Xi said on Friday in Da Nang, a coastal city in central Vietnam, that the APEC economies must "closely follow the trend of the global economy, identify its underlying dynamics, keep to the right direction, and, on that basis, take bold action."

When illustrating the profound changes the global economy is seeing, Xi said the world should make economic globalization, which he called "an irreversible historical trend," more open and inclusive, more balanced, more equitable and beneficial to all.

"We should uphold multilateralism, pursue shared growth through consultation and collaboration, forge closer partnerships, and build a community with a shared future for mankind," Xi made such remarks regarding the system of global economic governance.

Two years ago, in the Philippine capital of Manila, Xi told the business community that the global economy, though on a course of slow recovery, had not secured a solid base and was still fraught with considerable destabilizing factors and uncertainties.

At that time, Xi said, facing the dangerous "rapids" and "shoals" in the world economy, the economies in the region must "steer the giant ship of the Asia-Pacific in the right direction," urging all the economies to act in a responsible manner and work in unison to promote global growth.


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