Chinese President Xi Jinping delivered a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Port Moresby, capital of Papua New Guinea (PNG), on Saturday.
On openness and cooperation
During his speech, President Xi praised openness and cooperation between APEC economies, calling for a continued commitment to openness.
President Xi said that the world is undergoing major transformations and facing many challenges and that mankind must decide between cooperation and confrontation.
Xi noted that diversity should lead to cooperation instead of confrontation, calling countries to choose their own development paths.
'Say no to protectionism'
Global growth is under the shadow of protectionism and unilateralism and we should take an inclusive approach and encourage interaction, Xi added.
He said attempts to erect barriers and cut close economic ties are doomed to failure.
President Xi stressed that history has shown that confrontation, whether in form of cold war or trade war, will produce no winners.
China will host the second Belt and Road Forum for International Cooperation next year and will continue to hold the China International Import Expo annually, Xi said, adding that China welcomes international cooperation to increase global economic growth.
This year's APEC is being held in the Pacific island country of Papua New Guinea with the theme of "Harnessing Inclusive Opportunities, Embracing the Digital Future."
Leaders and representatives from 21 member economies are expected to engage in discussions focusing on building common ground on trade to ensure economic growth, employment and better quality of life for the people in the region.
