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President urges 'open development' in APEC speech
November 13,2017   By:China Daily
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November 13, 2017 -- Chinese President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nang, Vietnam, Nov. 10, 2017. (Xinhua/Li Tao)
 
November 13, 2017 -- President Xi Jinping once again highlighted the importance of open economies and inclusive development for a new round of global prosperity on Saturday, the second day of his attendance at APEC events.
 
Xi made the remark while speaking at the 25th Asia-Pacific Economic Cooperation Economic Leaders' Meeting in the coastal Vietnamese city of Da Nang.
 
The 21 APEC members should promote innovation as a strong growth driver and open up their economies to create more space for development, Xi said.
 
"History has taught us that closed-door development will get nowhere, while open development is the only right choice," he told APEC leaders.
 
While addressing the APEC CEO Summit on Friday, Xi had also called on APEC members to build open economies and pursue inclusive development.
 
On Saturday, the president said APEC members should remain true to the group's founding purpose: to advance trade and investment liberalization and facilitation, build an open economy, uphold and strengthen the multilateral trading regime and help rebalance economic globalization.
 
"We need to take determined steps toward a Free Trade Area of the Asia-Pacific in line with the agreed road map, and herald a new round of development in the Asia-Pacific in the course of opening-up," he said.