Although growing interactions inevitably lead to frictions, it is important that countries resolve differences through dialogue in the larger interest of the sound growth of their relations, he said.
China will increase connectivity with its neighbors, including building a regional financing platform and advancing economic integration within Asia, he said.
The president also pledged that China will promote trade and investment liberalization and facilitation, step up bilateral investment and explore new cooperation areas with other countries.
As a non-governmental and non-profit international organization founded in 2001, the BFA works to promote regional economic integration and bring Asian countries closer to their development goals.
The 2013 forum focuses on the theme of "Asia Seeking Development for All: Restructuring, Responsibility and Cooperation."
RELEASING DYNAMICS OF ASIA
In his speech, Xi called for Asian countries to better cooperate and explore development paths suited to their national conditions.
Asia needs to "enhance mutual understanding, build consensus, and enrich and deepen cooperation so as to strike a balance among the interests of various parties and build mechanisms that bring benefits to all," Xi said.
The global economy has entered a period of profound readjustment and its recovery remains elusive. The international financial sector is fraught with risks, and protectionism of various forms is on the rise, Xi warned.
While emerging as an important engine driving world economic recovery and growth, the continent needs to transform and upgrade its development model, adjust the economic structure, make development more cost effective and make life better for its people, he said.
Sustaining development is still of paramount importance to Asia, because only development holds the key to solving major problems and difficulties it faces, he said. "Achieving common development for all countries remains an uphill battle."
Shanghai reports 2 more cases of H7N9
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