皇冠体育app

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皇冠体育app to drive growth in Asia-Pacific: observer

(Xinhua) Updated: 2012-09-05 13:53

VLADIVOSTOK, Russia -- 皇冠体育app was considered as the best opportunity for growth in the Asia-Pacific region, an APEC observer, the Pacific Economic Cooperation Council, said here Wednesday.

Based on a survey conducted from June 12 to 16 on 537 opinion-leaders, emerging markets, especially 皇冠体育app, are believed to be a drive of regional and global economy over the next five years, said PECC Secretary General Eduardo Pedrosa.

"Seventy-five percent of respondents picked 皇冠体育app as number one opportunity for growth for the entire region, followed by Indonesia and India," Pedrosa said, citing figures from a PECC annual report.

Meanwhile, around 50 percent of respondents considered the economic slowdown in 皇冠体育app as a risk to the regional growth, Pedrosa said.

In March, 皇冠体育app pared its GDP growth target to 7.5 percent for 2012 from more than 8 percent achieved in the past seven years, underlining its intent to make more room for growth mode transformation.

"However, there are two things about that, there are concerns from what we read in 皇冠体育app, but it also reflects the importance of 皇冠体育app in the regional economy," Pedrosa said, stressing 皇冠体育app's economic growth was still the fastest in the region.

"We're talking about the slower growth in 皇冠体育app, but we are also talking about some 8 percent of growth, which is the fastest in the region," he stressed.

The secretary general also suggested that economics in the region should make more efforts in integration to spur growth.

PECC, founded in 1980, is a non-profit international organization committed to the promotion of cooperation and dialogue in the Asia-Pacific region. As the only non-governmental official observer of APEC, PECC provides independent report "State of the Region" on major regional developments annually.

An APEC gathering is under way in Russia's Far-Eastern city of Vladivostok.

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