President Xi to deliver important speech at APEC summit: spokeswoman

China

President Xi to deliver important speech at APEC summit: spokeswoman

2024-11-08 19:17 Last Updated At：11-09 00:07

President Xi Jinping will deliver an important speech at the upcoming Asia-Pacific Economic Cooperation (APEC) summit scheduled from Nov. 10 to 12 in Lima of Peru, Foreign Ministry spokeswoman Mao Ning said at a press briefing in Beijing on Friday.

She made the remarks in response to a media inquiry about the Chinese president's participation in the event.

Mao said President Xi will also attend the 19th summit of G20 scheduled from Nov. 18 to 19 in Rio de Janeiro of Brazil.

Xi's participation in this year's APEC summit is a significant head-of-state diplomatic action towards the Asia-Pacific region, which fully embodies the importance China attaches to economic cooperation in the region, said Mao.

The current global economic growth is sluggish and economic cooperation in the Asia-Pacific region faces new challenges, she said, stressing that APEC is an important platform for economic cooperation in the Asia-Pacific region, and all parties expect the Asia-Pacific to continue playing its role as an engine for world economic growth.

"President Xi Jinping will deliver an important speech at the summit, introducing key measures for deepening reform and opening up, and setting forth China's policy proposals for advancing Asia-Pacific cooperation. China is willing to work with all parties to fully implement the APEC Putrajaya Vision 2040, push the meeting to achieve positive outcomes, so as to inject new impetus into regional economic integration and the growth in the Asia-Pacific and the world at large, and jointly build the Asia-Pacific community with a shared future," said Mao.

President Xi's attendance to the 19th G20 Summit demonstrates China's firm support for multilateralism and the great importance it attaches to the G20 cooperation, said Mao.

The world economic growth lacks momentum, global development faces challenges, and destabilizing factors and uncertainties in the international situation are increasing, Mao said, adding that all parties generally expect the G20 to play its role as a main forum in international economic cooperation, so as to inject impetus into world economic growth and chart the course for improving global economic governance.

"President Xi Jinping will deliver an important speech at the summit, and have in-depth exchanges with leaders from various countries on the subject of 'building a fair world and a sustainable planet.' China advocates an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, and is willing to work with all parties to push the Rio de Janeiro Summit to achieve positive outcomes and send out clear signals in upholding multilateralism, building an open world economy, and supporting sustainable development, so as to encourage all countries to cooperate to address challenges, realize common prosperity, and jointly build a community with a shared future for mankind," said Mao.

China better prepared to handle possible Trump tariffs: former IMF official

2025-01-23 16:44 Last Updated At：17:07

China is better prepared to handle the potential impact of possible new tariffs threatened by the Trump administration as the country is now focusing on strengthening its domestic market and developing its high-tech sector, a former official of the International Monetary Fund (IMF) said on Wednesday.

Zhu Min, a former deputy managing director of the IMF, was speaking at a sub-forum held as part of the ongoing World Economic Forum (WEF) Annual Meetings in Davos, Switzerland.

The five-day meetings have gathered around 3,000 participants from various regions and industries around the world under the theme "Collaboration for the Intelligent Age," highlighting the need for greater collaboration against a backdrop of rapid technological advancements and global divisions.

Wednesday's sub-forum, co-hosted by WEF and the China Global Television Network (CGTN), was titled "Decoding China's Economy: Present and Future," and saw discussions turn to how the policies of the newly-inaugurated U.S. President Donald Trump could impact the global economy.

In response to reports on Tuesday that Trump was considering imposing a 10-percent tariff on goods imported from China as soon as Feb. 1, Zhu stressed that the best way for the world's largest two economies to engage is always through cooperation, not confrontation.

"I think there's huge room for these two countries to work together and create a huge benefit for both countries. It's much, much better than two countries fighting with each other, [where we] have a winner or loser. We even don't know who will win, who will lose," he said.

Zhu also pointed out that despite significant challenges during Trump's previous term in office, which saw a major trade war erupt between China and the U.S., China still managed to keep a trade surplus of around 350 billion U.S. dollars with the U.S. due to its strong export capacity and economic resilience. Looking ahead to what we can expect during "Trump 2.0", Zhu said China is now better prepared to navigate external challenges like tariffs and can double down on strengthening its own competitiveness.

"I will say China understands much better now. So, I think the whole strategy is to make sure we do our own business well and right. And now we focus on the economic side, more on domestic consumption, more on the manufacturing, sort of digitalization and more on the green transformation. So, more on domestic market, more on the tech, making sure we focus on domestic market, we focus on competitiveness. Regardless what happened outside China, we will be able to survive," he said.