HANOI -- China is making greater contribution to the rapid and
stable economic development in the Asia-Pacific region and the world at large, a
local official told Xinhua Friday.
"With the current trend, China's role in the international economic
development is increasing," Chairman of the Vietnam Chamber of Commerce and
Industry (VCCI) Vu Tien Loc said on the sidelines of the Asia-Pacific Economic
Cooperation (APEC)'s Chief Executive Officer (CEO) Summit.
China, one of the biggest markets and the leading exporters in the world, has
accumulated enough necessary potential for its development, and tried to become
the number-one investor in important fields like high technology, said Loc, who
is also the chairman of the APEC CEO Summit 2006.
Over 1,000 delegates are attending the CEO Summit with the theme "Toward one
Community: Creating new opportunities for shared development."
They are focusing their discussions on challenges for APEC, the world economy
today, the opportunities and the threats, bridging the development gap within
the Asia-Pacific, and competing for foreign direct investment.
Loc said in the context of China's rapid development, more and more big
economic groups are being established in the country. " The lesson from China's
economic development is of significance to developing countries, especially in
ensuring both economic growth and environmental protection."
The countries, including Vietnam, can learn China's experiences in dealing
with problems in their economic development process, and adjusting policies to
suit new development trends, because they are now encountering obstacles that
China has done, Loc said.
Besides, China's development orientations shown in the
speech by Chinese President Hu Jintao at the two-day summit starting on Friday
is suggestions for other economies on harmonizing economic growth with
environment protection and settlement of social issues, Loc said, adding that
such directions can facilitate enterprises' healthy competition.