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Hu puts forward 3-point proposal for Asia-Pacific economic development

(Xinhua)

08:21, September 10, 2012

VLADIVOSTOK, Sept. 9 (Xinhua) -- Chinese President Hu Jintao Sunday put forward a three-point proposal, including deepening reform, remaining open and cooperative and seeking common development, for APEC members to develop their economies amid the unstable global economic recovery.

Hu made the proposition at a keynote on the second day of the 20th informal economic leaders' meeting of APEC held here.

"Under the current circumstances, to ensure growth, promote stability and pursue development remains the top priority of members of the region," Hu said.

He suggested member economies continue to act in a spirit of unity and pursue win-win cooperation to promote strong, sustainable and balanced economic growth in the Asia-Pacific region.

"First, we need to deepen reform to lend impetus to growth," the president said.

"Deepening reform provides a source of strength for growth," he explained.

APEC member economies should advance the process of building a global economic governance architecture with the reform of the international financial system at its core, he said.


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