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Economy

Xi calls for seizing opportunity of world economic structure adjustment

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2017-09-05 11:18Xinhua Editor: Gu Liping ECNS App Download

Chinese President Xi Jinping on Tuesday called on the emerging market and developing countries to seize the opportunity arising from the adjustment of world economic structure.[Special coverage]

Xi made the remarks when speaking at the Dialogue of Emerging Market and Developing Countries in the southeastern Chinese city of Xiamen.

Xi said the emerging market and developing countries should "enhance solidarity and cooperation so as to jointly seize the historical opportunity arising from the adjustment of world economic structure."

The new round of scientific and industrial revolution have created the fresh impetus for growth. Seizing the opportunity, the emerging market and developing countries can possibly catch up through "overtaking on a bend," he said.

Losing the opportunity, the divide between developed and developing countries could be wider and the development imbalance could worsen, he warned.

Therefore, the emerging market and developing countries should dare to innovate and reform, and drastically push forward economic restructuring so as to unleash their internal power of growth, according to Xi.

He also emphasized the need of improving people's livelihood, and called for more exchanges and greater capacity building in terms of infrastructure, science and technology, education and industry. 

  

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