APEC Summit to Open Monday, President Xi to Deliver Speech
   2013-10-07 10:13:46    CRIENGLISH.com      Web Editor: Guo Jing

 

Related: APEC Leaders Meet on Sustainable Growth, Regional Cooperation

The Asia Pacific Economic Cooperation summit is set to open today on the Indonesian island resort of Bali, with heads of state and governments from a dozen countries on both sides of the Pacific expected to discuss a number of world economic issues.

CRI's Li Jing has more.

Sustainable growth with equity and connectivity are expected to take the center stage at the summit.

Indonesian President Susilo Bambang Yudhoyono says stronger cooperation among companies in the APEC region can be a way to cushion a downturn.

He notes some developed countries are returning to growth, while at the same time, a number of developing countries are still facing a slow-down.

"With its combined potential, APEC is in the ideal position to kick-start the recovery of the global economy. Therefore, APEC members must put efforts in both individual and collective measures to promote growth."

China joined APEC in 1991.

Since then, it's cut tariffs significantly.

China has also become an advocate for numerous international issues including food security and disaster prevention, among others.

Liu Chenyang is the deputy director of the APEC Study Center at Nankai University.

"China is playing a more and more important role in perfecting and expanding cooperation areas within APEC and its long effectiveness. Before, we were just adapting ourselves into the frame, playing as an active participant. But from now on, China will be more likely a pacemaker by the country's influence."

Chinese Presdient Xi Jinping is now in Bali to attend the summit for the first time since taking office this year.

President Xi has already met with his counterparts from Australia, New Zealand, Chile and Thailand ahead of the opening of the meeting.

Xi Jinping is expected to address at the closing ceremony.

For CRI, this is Li Jing.

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