Nation to build its buying power: Hu

SINGAPORE: China on Friday vowed to vigorously boost domestic demands and voiced its strong opposition to protectionism, saying both are key to bolstering the fledging global recovery.

"The world economy has shown positive signs of stabilization and recovery," President Hu Jintao told the Asia Pacific Economic Cooperation (APEC) CEO Summit.

But he cautioned that the economic upturn is not firmly established, with unsustainable patterns of global growth and major deficiencies in the international financial system.