CHINA-LEADERSHIP: XI JINPING ATTENDS INFORMAL APEC MEETING AND GIVES A SPEECH

CCTV News (July 17) reported that Chinese President Xi Jinping attended the informal meeting of APEC leaders in Beijing by video on the evening of July 16 and delivered a speech. In his speech, Xi Jinping said the Asia-Pacific is an important engine for world economic growth and that overcoming the epidemic at an early date, restoring economic growth, and promoting the recovery of the world economy are the most important tasks for all members of the Asia-Pacific region. He noted that China has provided more than 500 million doses of vaccines to developing countries, and will provide another US$3 billion in international assistance in the next three years. China has donated funds to APEC to establish a sub-fund of "Responding to the Epidemic and Economic Recovery". He called for deepening regional economic integration and said China has taken the lead in completing the approval of the regional comprehensive economic partnership agreement and expects the agreement to come into effect within this year. Saying that China supports APEC’s sustainable development and economic and technical cooperation, Xi Jinping added that China will strive to achieve carbon peaks by 2030 and carbon neutrality by 2060. Xi Jinping emphasized that China will build a new higher-level open economic system, create a more attractive business environment, and promote high-quality co-construction of the “Belt and Road”, sharing the world and the Asia-Pacific. The conference was held in video mode initiated by New Zealand, the host of APEC this year.







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