From Bali to Da Nang, Xi expands China's footprints in Asia-Pacific development

BEIJING - Speaking at the past five Asia-Pacific Economic Cooperation (APEC) CEO summits, President Xi Jinping shared China's blueprint of openness and cooperation to energize regional economies and address changing global challenges.

Just as Xi said in this year's speech, "development is a journey with no end, but with one new departure point after another."

From Bali, Beijing, Manila, Lima to Da Nang, these five "departure points" recorded the Chinese leader's ever-innovating vision for APEC to achieve common development as partners, which has resonated with world business and political leaders.

President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nang, Vietnam, Nov 10, 2017. [Photo/Xinhua]

Related: President Xi's footsteps and remarks at previous APEC meetings

Diagnosing world economy

Noting the global economy is undergoing more profound changes, Xi said on Friday in Da Nang, a coastal city in central Vietnam, that the APEC economies must "closely follow the trend of the global economy, identify its underlying dynamics, keep to the right direction, and, on that basis, take bold action."

When illustrating the profound changes the global economy is seeing, Xi said the world should make economic globalization, which he called "an irreversible historical trend," more open and inclusive, more balanced, more equitable and beneficial to all.

"We should uphold multilateralism, pursue shared growth through consultation and collaboration, forge closer partnerships, and build a community with a shared future for mankind," Xi made such remarks regarding the system of global economic governance.

Two years ago, in the Philippine capital of Manila, Xi told the business community that the global economy, though on a course of slow recovery, had not secured a solid base and was still fraught with considerable destabilizing factors and uncertainties.

At that time, Xi said, facing the dangerous "rapids" and "shoals" in the world economy, the economies in the region must "steer the giant ship of the Asia-Pacific in the right direction," urging all the economies to act in a responsible manner and work in unison to promote global growth.

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