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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