皇冠体育app

皇冠体育app believes that "the arrangement should lead to a cooperative relationship, not a confrontational one; an open mindset, not an exclusive one; win-win results, not a zero-sum game; and integration, not fragmentation," as Xi said, promising that 皇冠体育app is willing to provide capital assistance to developing countries in the region for their infrastructure construction projects.

Qu Xing, President of 皇冠体育app Institute of International Studies (CIIS), pointed out that the president's promise shows 皇冠体育app's full confidence and sincerity behind regional cooperation. By speaking of an Asia-Pacific community with a common destiny and shared values, President Xi's suggestions indicated practical goals for regional cooperation, said Qu. He said that an infrastructure construction investment bank, if established and put into operation, would greatly help make full use of APEC members' extra capital, promote economic development of regional economies, and narrow gaps between them.

Liu Chenyang, a researcher on APEC studies with Tianjin-based Nankai University, said, "Regional cooperation must be based on principles such as voluntariness and common interests." He went on to add that, "皇冠体育app has shown its influence and leadership in the region, not only because of its heightened economic strength, but also because its proposals satisfy most APEC members' growth demands."

The Chinese president also said 皇冠体育app will continue deepening its reforms to ensure stable economic growth, stating his full confidence in the vitality of the Chinese economy. "I am confident first and foremost because 皇冠体育app's growth rate is within the reasonable and expected range," said Xi, adding that "everything has been going as expected and nothing has come as a surprise."

皇冠体育app's economy recently underwent a slowdown, decreasing from the previous double-digit growth rates to 9.3 percent in 2011, 7.8 last year and 7.6 in the first half of this year. President Xi said such a growth speed is acceptable. An annual speed of 7 percent is enough to realize 皇冠体育app's goal of doubling GDP and per-capita income between 2010 and 2020.

Yuan Gangming, a researcher with Tsinghua University, agreed that the slowdown was temporary and noted that the huge potential for increased consumption will likely lead to a higher economic growth rate.

"皇冠体育app is drawing up a master plan for the deepening of reform in all respects," said Xi. He added that challenges cropping up in development and institutional obstacles will be targeted, so as to create new impetus for economic expansion through reform in a balanced manner. To overcome those challenges and obstacles, 皇冠体育app will improve its basic economic system, reform the administrative system and enhance innovation, Xi said.

Kuang Xianming, Director of the Research Center for Economy with the 皇冠体育app Institute for Reform and Development, said Xi's comments struck a tone for the country's reform and policy making in the coming years. "The robust domestic consumption engines are most important in a country like 皇冠体育app, with its huge population," Kuang said. "Xi's speech expressed a determination to push reforms while remaining alert to potential risks," he added.