Highlights of Chinese president's activities in Yokohama on Saturday

10:45, November 14, 2010      

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The following are highlights of Chinese President Hu Jintao's activities in Yokohama on Saturday.

Hu attended the CEO summit of the Asia-Pacific Economic Cooperation (APEC) on Saturday morning, and delivered a keynote speech titled "Towards Common Development and Shared Prosperity."

The emerging market economies in the Asia-Pacific region have made important contributions to the development of the world, he said.

The Chinese president called on businessmen in the region to participate in China's reform and opening up process so as to share the fruits of China's prosperity.

Meanwhile, Hu said China is firmly committed to the path of peaceful development, and strives for common development of all nations while pursuing its own development.

He also said that China will continue to pursue an open economy and common and sustainable development as well as balanced growth of domestic and external demand.

Hu joined the first retreat session of the 18th APEC Economic Leaders' Meeting in the afternoon, and put forward a five-point proposal to promote sound and fast economic growth in the Asia-Pacific region.

Firstly, Hu asked the APEC economies to "promote balanced growth to create conditions for long-term economic development," saying they should seek balanced growth both within a member economy and among all member economies.

Secondly, he said the APEC members should "advocate inclusive growth to boost the internal dynamism of economic development."

Thirdly, Hu called on the APEC members to "bolster sustainable growth to strive for long-term economic development."

Fourthly, Hu said it was necessary to "encourage innovative growth to provide impetus for economic development."

Fifthly, Hu said APEC members should work to "ensure secure growth to protect the results of economic development."

Following the first retreat session, Hu attended a dialogue with representatives of the APEC Business Advisory Council, and exchanged views on an Asia-Pacific free trade zone, growth of small- and medium-sized enterprises, food security and energy security.

Hu met here with Donald Tsang, chief executive of China's Hong Kong Special Administrative Region (SAR), on the sidelines of the APEC meetings.

Hu highly appreciated the work of the Kong Kong SAR government since the start of this year, and said he is happy to see that Hong Kong's economy has maintained a strong recovery momentum with a vibrant financial market and notable growth in trade and tourism.

He hoped Tsang and the SAR government will build on these achievements and focus their energy on economic development to effectively improve peoples' livelihood, consolidate the fruits of their previous efforts to cope with the international financial crisis and push for economic recovery so as to create a favorable social atmosphere for all work.

Hu also met with Lien Chan, honorary chairman of Kuomintang (KMT), and both vowed to further the stable development of cross-Strait ties.

Relations across the Taiwan Strait maintained a sound momentum of peaceful development since the beginning of this year, and exchanges and cooperation between the two sides constantly expanded, Hu said.

Hu added that the Economic Cooperation Framework Agreement (ECFA) marked another important achievement of the development of relations across the Strait.

He expressed his belief that social and economic progress on the Chinese mainland and development of the cross-Strait ties will create more opportunities for exchanges and bring more benefits to people on both sides of the Taiwan Strait.

Both sides should make efforts to put aside differences and seek common grounds to consolidate and enhance mutual trust, he said.

The Chinese president also held talks on Saturday with Japanese Prime Minister Naoto Kan.

Hu stressed that it is a right choice in the interests of both peoples for China and Japan to follow a road of peace, friendship and cooperation.

He called on the two sides to proceed from a strategic and long-term perspective and abide by the principles defined in the four political documents between the two countries.

He also urged that they firmly maintain the right direction of developing bilateral ties to advance China-Japan strategic and mutually beneficial relations on a healthy and stable track.

China and Japan, being each other's main trading partner, should continue to deepen their bilateral mutual beneficial cooperation and enhance dialogue and coordination on international affairs in a bid to jointly contribute to Asia's revitalization and address global challenges, Hu said.

Source: Xinhua


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