Quotable quotes from Chinese president in Yokohama on Saturday

10:52, November 14, 2010      

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Chinese President Hu Jintao attended the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) that opened in Yokohama Saturday.

The following are some quotable quotes from remarks made Saturday by Hu during his activities here.

"In the fight against the international financial crisis, the emerging markets were the first to achieve an economic rebound and fairly rapid growth and played an important part in promoting world economic recovery," Hu said in a keynote speech delivered at the APEC CEO summit.

"Their development and their future will have a major impact not only on the Asia-Pacific, but also the whole world."

"The rapid development of emerging markets in our region has changed the state of backwardness in many countries and regions and improved the lives of hundreds of millions of people."

"Looking ahead, the emerging markets in the Asia-Pacific will offer even more opportunities for world economic development in terms of resources, goods, market and capital."

"They must meet the major challenge of ensuring coordinated development between urban and rural areas, among different regions and between the economic sector and the social sector."

"They still have a long way to go before they can achieve comprehensive development and they must make sustained and strenuous efforts."

"While acknowledging their development achievements, the international community must fully appreciate their difficulties and challenges."

"The Asia-Pacific emerging markets have taken an active and constructive part in international cooperation and worked with various parties to counter such global challenges as the international financial crisis, climate change, energy and resources security, public health security and serious natural disasters."

"We must remember, however, that the Asia-Pacific emerging markets are still at the primary stage of development and both their capabilities and resources are limited."

"The international community should encourage emerging markets in the Asia-Pacific to assume international responsibilities on the basis of their capabilities, national circumstances and stage and level of development."

"But it is necessary to further improve them through appropriate reform and adjustment measures and adapt them to the changing economic situation."

"We (China) will stay on the path of open development and further expand the breadth and depth of opening-up. We will deepen the level of opening-up in the coastal areas, accelerate opening-up in the inland areas and upgrade opening-up in the border areas."

"We will transform its (China's) economic development pattern and adjust the economic structure at a faster pace and make great effort to build a long-term mechanism that boosts domestic demand, particularly consumer demand."

"We will vigorously develop a circular and green economy through economic restructuring and pursue economic development and eco-conservation in a balanced way, develop low-carbon, new energy and renewable energy technologies through scientific and technological innovation."

"A more developed China will bring even greater opportunities and make bigger contributions to the world, and China stands ready to work with all parties to shape an even better future for mankind."

Firstly, the APEC economies should "promote balanced growth to create conditions for long-term economic development" and seek balanced growth both within a member economy and among all member economies, Hu said as he put forward a five-point proposal to promote sound and fast economic growth in the Asia-Pacific region during the 18th APEC Economic Leaders' Meeting.

"We should increase input to help developing members achieve their full potential and narrow the North-South gap."

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

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

"We should emphasize sustainable growth, which includes not only resource and environmental sustainability but also sustainability of fiscal, monetary, trade and industrial policies and the reduction of macroeconomic volatility and risks."

"We should implement responsible macroeconomic policies and ensure medium- and long-term fiscal sustainability."

"We should actively address the climate challenge, energetically develop the green economy and foster new sources of economic growth."

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

"Developed members of APEC should scale up technology transfer and help developing members build capacity for innovative growth."

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

When meeting with Donald Tsang, chief executive of China's Hong Kong Special Administrative Region (SAR), Hu said he was 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.

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 during a meeting here with Lien Chan, honorary chairman of Kuomintang (KMT).

The Economic Cooperation Framework Agreement (ECFA) marked another important achievement of the development of relations across the strait, Hu said.

Both sides need to value the achievements, further consolidate the foundation of their links and keep on the right track in order to push forward continued and stable development of relations across the strait, Hu said.

Hu said the mainland will strive to first tackle the relatively easy problems and proceed with economic cooperation before taking on those thornier issues and go ahead with political exchanges with an aim to promote the cross-strait relations step by step.

The reason for the historic turn and a series of pivotal progress in the tie across the strait lies in that both sides reached agreement, built mutual trust and developed a positive interaction in opposing "Taiwan independence" and upholding the "1992 Consensus," said Hu.

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

During talks with Japanese Prime Minister Naoto Kan, Hu said the two sides should proceed from a strategic and long-term perspective, abide by the principles defined in the four political documents between the two countries and firmly maintain the right direction of developing bilateral relations in order 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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