Chinese Premier Highlights Asia's Integration
   2014-05-13 14:53:38    CRIENGLISH.com      Web Editor: Luo Dan


Chinese Premier Li Keqiang delivers a keynote speech at the opening of the Boao Forum for Asia (BFA) Annual Conference 2014 in Boao, south China's Hainan Province, April 10, 2014. [Photo: Xinhua]


 

Chinese Premier Li Keqiang has delivered his keynote speech to the opening of the Bo'ao Forum for Asia in Hainan, focusing largely on economic integration.

CRI's qizhi has more.

Li Keqiang's speech has mostly focused on economic integration and regional cooperation.

"To resolve issues in Asia will require development. Development changes the world and creates the future. It is still the priority for Asian countries."

As part of his address to the Bo'ao Forum, Li Keqiang says China will work with the parties involved to accelerate negotiations on the Regional Comprehensive Economic Partnership, or RCEP.

He says he hopes to see the RCEP signed next year.

"The RCEP is the largest trade negotiation, with the most extensive participation in East Asia. It will help establish integration of mature free trade zones and it is compatible for Asia's industrial structures, economic models and social traditions."

Li Keqiang also says the Chinese government has an open attitude to toward the proposed Trans-Pacific Partnership.

He says both the RCEP and the TPP can become important supplements to the multilateral trading system.

Li Keqiang has also used his speech to address security in Asia.

"Asia's progress benefits from regional stability. Peace and stability are the basic guarantees for Asia's development. China is firm in its resolve to uphold its territorial sovereignty. It's China's plan to solve its regional disputes through peaceful means. China will give full support to initiatives that help strengthen maritime cooperation and will respond firmly to any provocations that undermine peace and stability in the South China Sea."

Li Keqiang's speech has also touched on China's economic growth, saying this year's target is "about" 7.5-percent.

The word 'about,' the Premier notes, allows for a range in GDP growth.

"We will not resort to short-term stimulus policies just because of a temporary economic fluctuation. We will be paying more attention to sound development in the medium and long run. With all the principles we have established, and with the policy options at our disposal, we can handle all possible risks and challenges. China's development has strong resilience."

This year's annual Bo'ao Forum for Asia runs until Friday.

For CRI, This is qizhi.

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