Premier Li Keqiang's keynote speech at 10th China-ASEAN Expo (2)

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Ladies and gentlemen!

The international situation continues to undergo complex and profound changes at present. There are some positive signs in the economy of developed countries, and emerging economies and developing countries have shown great potentials in market expansion. These are favorable and positive factors. Meanwhile, the world economy is in in-depth adjustment, and the global economic recovery is facing a lot of uncertainties and unstable factors. The profound impact of the international financial crisis has not ended, with structural contradictions, including out-of-control crisis, growth and North-South imbalances, remain outstanding. To deal with difficulties and challenges faced by different countries, development is the essential resolution.

Asia, which has nearly half of the world's population and one-third of the global economy, has created a series of growth miracles. It has become one of the most vigorous regions of world economic development in recent years. But we also need to notice that development among Asian countries remain uneven, and the task of promoting growth and improving people's well-being is arduous. Recently, capital flows and financial markets in some emerging economies and developing countries have been influenced sharply due to the increasing expectations that some developed countries, major reserve currency issuing countries in particular, might withdraw from the quantitative easing monetary policies. Some Asian countries are among those affected, facing multiple challenges such as outflow of capital, currency devaluation, slower growth and rising inflation, which have aroused concerns from people and some friendly countries. Under the current circumstances, the major task of China and the ASEAN remains to develop their economy and improve people's well-being. We should adhere to the guideline of giving priority to the economies, development and people's well-being. We should focus our attention to those three aspects and keep advocating the spirit of unity and cooperation, as well as helping each other. We should also join hands to deal with possible and unforeseeable risks and challenges, and strive to keep the economy running smoothly and healthily. This is a common interest for all sides, and also for their people.

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