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Hu puts forward growth proposal at APEC summit

(Xinhua)
Updated: 2010-11-13 19:45
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Fourth, Hu said it was necessary to "encourage innovative growth to provide impetus for economic development."

Noting that innovation is a boost, as well as a guide, to development, he said the APEC economies should create an innovation-encouraging environment by improving the system of technological innovation and increasing input in research and development.

The president asked the APEC members to facilitate the cultivation and movement of innovative and high-skilled people, who could provide strong human capital and scientific and technological support for economic development, and promote a shift toward innovation-driven growth.

"Developed members of APEC should scale up technology transfer and help developing members build capacity for innovative growth," Hu said.

Fifth, Hu said APEC members should work to "ensure secure growth to protect the results of economic development."

He called on the APEC members to work together to deepen exchanges and cooperation on counter-terrorism, disaster prevention and reduction, food security, energy and resources security and public health security.

He said policy coordination and dialogue, experience sharing and technical assistance on these non-traditional security threats could help create a secure, benign and convenient environment for regional economic and social development and people's livelihoods and safeguard the safety and well-being of the people in the region.

On Saturday morning, President Hu attended the APEC CEO Summit, at which he delivered a keynote speech on "emerging economies in the Asia-Pacific Region."

Following the first retreat session of the APEC Economic Leaders' Meeting, President Hu also attended a dialogue with representatives of the APEC's business advisory body, the APEC Business Advisory Council, and exchanged with them views on an Asia-Pacific free trade zone, growth of small- and medium-sized enterprises, food security and energy security.

APEC is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region.

Since its birth in 1989, APEC has grown to encompass 21 members, accounting for about 50 percent of the world's gross domestic product and 44 percent of its trade.

The 21 member economies include Australia, Brunei, Canada, Chile, China, China's Hong Kong, Chinese Taipei, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Thailand, the United States and Vietnam.

The annual APEC Economic Leaders' Meeting is the top decision-making organ of the forum. This year's meeting has the theme of "Change and Action."

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