Xi to address APEC summit on China's reform

Chinese President Xi Jinping will address the 21st economic leaders' meeting of the Asia-Pacific Economic Cooperation (APEC) forum and expound on China's economic situation and reform measures, the Foreign Ministry has announced.

Vice Foreign Minister Li Baodong made the announcement on Sunday at a press briefing on Xi's state visits to Indonesia, Malaysia and his attendance of the APEC summit in Indonesia's Bali from Oct. 2 to 8.

Li said the summit has three priorities: achieving sustainable growth with equity, promoting connectivity and attaining the Bogor Goals, a timeline for achieving free and open trade and investment in the Asia-Pacific.

During the summit, themed "Resilient Asia-Pacific, Engine of Global Growth," Xi will also attend the APEC CEO Summit and a dialogue between APEC leaders and representatives of the APEC Business Advisory Council, according to Li.

The Asia-Pacific is the most economically dynamic and promising region in the world, but it has also been affected by the uncertainty and instability of the global economy, said the vice foreign minister.

China hopes that the meeting will push the Asia-Pacific region to play a leading role in the world economy's recovery and achieve three objectives, said Li.

The first goal is to promote the development of an open economy and push for a greater role of the APEC in leading global economic recovery. The second goal is to bolster the international community's confidence in the future development of the Asia-Pacific region. And the third is to support a multilateral trade system, coordinate the regional free trade arrangements and promote transportation connectivity as well as infrastructure construction in the Asia-Pacific, he specified.

The realization of the three objectives will benefit all APEC members, Li said, noting that China will enhance cooperation with other APEC members to drive the meeting to achieve the projected targets.

China will host the APEC economic leaders' meeting in 2014, added Yu Jianhua, deputy representative of international trade negotiation for the Ministry of Commerce.