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Highlights of Xi's address at 2016 APEC CEO summit

(Xinhua)    02:59, November 20, 2016

LIMA, Nov. 19 -- Chinese President Xi Jinping on Saturday delivered a keynote speech at the Asia Pacific Economic Cooperation (APEC) CEO Summit in Lima, capital of Peru, highlighting open economy, inter-connectivity and global growth. The following is the gist of his address:

-- We traveled thousands of miles to Peru for a common goal: To discuss the ideas and measures for promoting the development in Asia-Pacific region.

-- The Asia-Pacific should boost economic integration and build open economy as openness is the lifeline of the regional economy.

-- Any regional trade arrangement, in order to earn broad support, must be open, inclusive and all-win; closed or exclusive pacts are not the right choice.

-- Building the FTAAP is a strategic choice concerning the long-term prosperity of the Asia-Pacific; We should steadfastly promote its construction and provide institutional guarantees for fostering an open regional economy.

-- We need to promote inter-connectivity and realize collaborative development. Inter-connectivity is an important way to unleash development potential and serves as a basic premise for the realization of collaborative development.

-- The Belt and Road Initiative, with inter-connectivity as main focus, was proposed three years ago to facilitate the free and convenient circulation of production factors, forge platform for diversified cooperation and realize win-win results and shared development. It has gained active participation and support from over 100 countries and international organizations as of now.

-- Braving anemic global growth and domestic challenges, China has kept its contribution to world economic growth at more than 25 percent in recent years.

-- China will implement its opening-up strategy more actively, so as to create a deeper, more comprehensive and diversified pattern of opening-up.

-- In 5 years, China is expected to bring its volume of imports to 8 trillion U.S. dollars, total amount of inward foreign investment 600 billion dollars, stock of outward foreign investment 750 billion dollars, and number of outbound tourist trips 700 million.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Shen Chen, Bianji)

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