Calling the Asian Infrastructure Investment Bank (AIIB) an important platform supporting regional connectivity, Xi said China and other related countries are accelerating the preparations and the bank is expected to be formally established by the end of this year.
The Silk Road Economic Belt and the 21st Century Maritime Silk Road, together known as the Belt and Road Initiative, are also making steady progress, and the Silk Road Fund project is already in operation, Xi noted.
In addition, China stands ready to make continuous efforts in strengthening APEC's capacity building, said the Chinese president.
Wilson Lee Flores, a columnist of the Philippine Star newspaper, said China can contribute to the Asia-Pacific region's inclusive economic growth "by actively helping modernize infrastructure like high-speed trains, highways, etc., which will spread the fruits of economic growth to more people."
He added that China should "promote AIIB, FTAAP and other new ideas or concepts which will give Asia-Pacific economies more strategic and economic options."
Referring to the proposal on China's 13th Five-Year Plan (2016-2020) adopted at the Fifth Plenary Session of the 18th Communist Party of China (CPC) Central Committee, Xi reaffirmed China's commitment to innovative, coordinated, green, open and shared development.
"China has the resolve, confidence and ability to realize sustained and healthy economic development and bring more opportunities and benefits to the Asia-Pacific region," Xi said.
Chinese Foreign Minister Wang Yi said the important ideas Xi put forward at the meeting have charted the course for Asia-Pacific economic growth and were echoed in the 2015 APEC Economic Leaders' Declaration.
In the declaration, the APEC members reaffirmed their commitment to jointly building an open economy in the Asia-Pacific region based on innovative development, interconnected growth, and shared interests.
"In spite of the challenges we face, the future of our region will be bright as we stand true to our pledge to shape the future through Asia-Pacific partnership, with a view to fulfilling our goals of common development, prosperity, and progress," the statement said.
It also highlighted the role of the FTAAP as the main force to promote regional integration, and welcomed the progress in implementing the APEC Connectivity Blueprint for 2015-2025.
Emphasizing that APEC should take the lead in inclusive development in the Asia-Pacific region, Xi urged all the members to stick to fair, open, comprehensive and innovative development and focus on helping developing member economies carry out personnel training and increase input in public welfare sectors.
Xi also called for concerted action in dealing with poverty, stressing that trade and investment liberalization and facilitation, as well as connectivity building, should benefit those living in poverty.
The Chinese president also suggested that efforts be made to improve both the quality and the benefits of development and advance green and low-carbon development.
