HANOI: Visiting President Hu
Jintao on Friday called for increasing aid to developing countries to narrow the
gap between the rich and the poor, and promised China would remain a staunch
force in upholding world peace.
He made the remarks at the Asia-Pacific Economic Co-operation (APEC) CEO
Summit, which is held under the theme of "Towards One Community: Creating New
Opportunities for Shared Development."
China's President Hu Jintao arrives
at an Asia-Pacific Economic Cooperation (APEC) CEO summit at the National
Convention Centre in Hanoi November 17, 2006.
"We should increase official development assistance with no strings attached
to developing countries, intensify economic and technical co-operation in
various forms and help them in human resources development, thus helping to
foster an enabling external environment for their development," Hu said.
Increasing economic globalization and regional integration has brought
countries closer together, but imbalance in development remains a major problem,
"Some developing countries have not gained their fair share of benefits from
economic globalization," Hu said, noting that in recent years there has been an
increase in non-traditional security threats including terrorist activities,
natural disasters and outbreaks of major communicable diseases.
He called for increased North-South co-operation and South-South co-operation
to narrow the development gap and promote common development.
China's development goes hand in hand with the development of the
Asia-Pacific and the world, and its opening up and development is of great
importance to peace and development, Hu said.
From 1978 to 2005, China's GDP increased from US$147.3 billion to US$2.235
trillion, registering an average annual growth of 9.6 per cent. In the same
period, China's trade increased from US$20.6 billion to US$1.422 trillion,
growing by 16 per cent annually.
"We will further deepen the reform of foreign-related economic sectors,
accelerate the transformation pattern of trade growth and improve trade
structure to ensure balanced growth of import and export," he said. "We will
actively introduce foreign investment, open the service sectors wider, enhance
intellectual property rights protection and raise China's overall level of
Since China's accession to the World Trade Organization in 2001, China's
import has totalled US$2.4 trillion, and foreign investors in China repatriated
US$58 billion in profit.
Statistics from the World Bank show that since 2001, China on average
contributed to 13 per cent of the world's economic growth, according to Hu.
China calls for building a harmonious world of enduring peace and common
prosperity, and Hu said harmony is a "defining value of the Chinese
He encouraged business leaders to give m[Xinhua] ore priority to exploring
business opportunities and expanding market share in developing countries.
But he also said China faces major problems and challenges, including
persistent structural imbalance and inefficient modes of economic growth.
"To resolve these pressing issues, we are pursuing a scientific outlook on
development which puts people first and aims at comprehensive, co-ordinated and
sustainable development," said Hu, who put forward four goals: