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Chinese president outlines four-point proposal on Asia-Pacific economic development


09:37, November 13, 2011

Chinese President Hu Jintao delivers keynote speech during the CEO summit of the Asia-Pacific Economic Cooperation (APEC) in Honolulu, Hawaii, the United States, on Nov. 12, 2011. (Xinhua/Huang Jingwen)

HONOLULU, United States, Nov. 12 (Xinhua) -- Chinese President Hu Jintao on Saturday brought forward a four-point proposal on the economic development in the Asia-Pacific region and beyond.

In a keynote speech delivered here at the CEO summit of the Asia-Pacific Economic Cooperation (APEC), Hu called on economies in the region to be firmly committed to maintaining growth and promoting stability so as to add momentum to the regional economic development.

As his first point, Hu highlighted the importance to improve the mechanism for global economic governance and build an equal and more balanced global partnership for development.

The new mechanism should "reflect the changes in the economic landscape" and "observe the principle of mutual respect and collective decision-making and increase the representation and voice of emerging markets and developing countries," said Hu.

Second, APEC members need to implement the APEC Leaders' Growth Strategy adopted last year in Yokohama and achieve green and innovative growth.

The strategy, with green and innovative growth as the core elements, charts the course for the growth of the Asia-Pacific economy in the years ahead, said Hu.

And APEC members should actively promote the idea of green development and respect the choice independently made by APEC members to pursue green growth on the basis of their resource endowment, stage of development and capacity, he said.

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PD User at 2011-11-13114.160.71.*
It has arrived. Seize the moment. President Hu had outlined the main directions for China. The nation needs are concrete and it will offer opportunities for economic activities for all to participate. Like, natural waste/sewerage treatments for the whole country. Safe drinking water. Sustainable, natural and wholesome agriculture that will not destroy land and environment. There are many many others that even my country has vast experience and can participate immediately.China does have internal problems, but it is up to the participants to identify and resolve them. Like, one of the major reason why most of its cities are suffering from poor air quality and persistence haze may be due to the unfettered burning of the plants residues after harvesting. China still did not have procedures and good enforcement, in all areas, and this pollution has no borders and will spill over to Japan and Korea too.The expertise from throughout the world participating in the economic activities in shaping a sustainable ecological environment will benefit all the people inside China as well as all the people in the world. China means business. Whenever it declare it will do it, it will do it. This means that a successful implementation in China will leave other nations without a choice, but to do it too to sustain our fragile planet earth.

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