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November 23, 2020

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Xi’s speech at APEC CEO Dialogues talks up new opportunities

Chinese President Xi Jinping’s speech at the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues last week highlights that China’s opening-up and its new development paradigm will offer more opportunities to the world, overseas experts have said.

In a keynote speech delivered via video link at the APEC CEO Dialogues, Xi said that China will open its door still wider to the world, and China’s new development paradigm will enable the country to fully unlock its market potential and create greater demand for other countries.

Hailing China’s policies to “drive economic growth through innovation, expanding domestic demand and further opening up its market,” Jin Jianmin, a senior fellow at the Fujitsu Research Institute in Japan, said that “the win-win plan” is welcomed by the industry in other countries.

Xi’s speech is encouraging and the important signal from those remarks injects confidence into the world economy, noted Alvaro Echeverria, vice president of the Asia Pacific Chamber of Commerce in Chile.

China’s active and forward-looking attitude will not only push forward China’s development, but also promote the world economy’s recovery, he said.

“It is reassuring good news to the world that Chinese President Xi Jinping reaffirmed that China has not stopped its opening-up pace despite rising unilateralism and protectionism in some countries,” said Wilson Lee Flores, a columnist for the English daily The Philippine Star.

“China has shown its commitment to international cooperation, openness, rules-based free trade and multilateralism which are important for global economic recovery,” he said.

Ong Tee Keat, founding chairman of the Center for New Inclusive Asia, a think tank based in Malaysia, said that China’s new development paradigm will provide a Chinese market with huge potential for the Asia-Pacific region and the world at large, create more opportunities and space for post-pandemic global economic recovery and development, and further encourage countries to forge cooperation.


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