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People's Daily Online>>Foreign Affairs

Chinese president attends APEC meeting, calls for growth model shift

(Xinhua)

10:51, November 15, 2011

Chinese President Hu Jintao attends the first session of the Asia-Pacific Economic Cooperation (APEC) 19th informal leadership meeting in Honolulu, Hawaii, the United States, Nov. 13, 2011. (Xinhua/Ju Peng)

HONOLULU, United States, Nov. 13 (Xinhua) -- Chinese President Hu Jintao and leaders of other Asia-Pacific Economic Cooperation (APEC) members met in Honolulu, Hawaii on Sunday to find ways to speed up regional economic integration, free trade and investment, and economic and technological cooperation.

The annual meeting, hosted by U.S. President Barack Obama in his home state, is being convened at the JW Marriott Ihilani, Honolulu to boost regional economic integration, trade, green growth, job creation, energy security and regulatory cooperation.

President Hu delivered a speech titled "Shift Growth Model to Sustain Economic Development" at the meeting.

Hu said economic globalization is gaining momentum, countries are becoming increasingly interdependent economically, and new changes are underway in global economic governance.

At the same time, the global economic environment remains complex and volatile. Some major economies are experiencing economic slowdown, and some countries are facing acute sovereign debt problems. Volatility in the international financial markets persists. Rising inflationary pressure confronts emerging markets. Protectionism in various forms is on a notable increase. As a result, the global economic recovery encounters greater instability and uncertainty, the president noted.

"Our goal is to achieve sustained, steady and fairly fast economic growth and social harmony and stability in our region," Hu said.


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