China is firmly committed to the path of peaceful development, and strives for common development of all nations while pursuing its own development, Chinese President Hu Jintao said in Yokohama Saturday.
Chinese President Hu Jintao attends the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) in Yokohama, Japan, Nov.13, 2010. (Xinhua/Lan Hongguang)
In a keynote speech delivered at the CEO summit of the Asia-Pacific Economic Cooperation (APEC), Hu said China will continue to pursue open economy and common and sustainable development as well as balanced growth of domestic and external demand.
China must adhere to the basic policy of opening-up, pursue a win-win strategy of opening-up and develop an open strategy to ensure sustained and fast economic growth, said the Chinese president.
"We will stay on the path of open development and further expand the breadth and depth of opening-up. We will deepen the level of opening-up in the coastal areas, accelerate opening-up in the inland areas and upgrade opening-up in the border areas," he said.
China will continue to bring in investment and talents from overseas, and continue to build an open and transparent legal environment, an enabling market environment for fair competition and a stable and orderly business environment to foster favorable investment conditions, he said.
China will continue to pursue common development. It is committed to promoting world development through its own development, actively engaged in international cooperation to meet global challenges and promote world economic growth, said Hu.
China will increase input and continue to provide assistance as its capacity permits to other developing countries, take part in international rule-making in a responsible way and work for a world economic structure that is more reasonable in the division of labor, more balanced in finance and trade, more rational in resources allocation and more equitable in interest-sharing, he said.Source: Xinhua