Chinese President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues via video link, in Beijing, capital of China, Nov. 19, 2020. (Xinhua/Li Xueren)
-- President Xi on Thursday expounded on how China's unlocked market potential, wider opening up and deepening international cooperation under the new development paradigm will offer more development opportunities and bring shared prosperity to the world.
-- By fostering the new development paradigm, China is not pursuing a closed-door circulation, but open and mutually reinforcing domestic and international circulations, Xi noted.
-- "As China's economy grows, our people naturally want to lead an even better life. This will create more demand for a greater variety of quality products, technologies and services from across the world," Xi said.
-- "Let us not forget that we are a community with a common stake, and let us move toward closer regional economic integration," Xi said.
BEIJING, Nov. 19 -- Chinese President Xi Jinping on Thursday expounded on how China's unlocked market potential, wider opening up and deepening international cooperation under the new development paradigm will offer more development opportunities and bring shared prosperity to the world.
Addressing the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues via video link, Xi said the COVID-19 pandemic has accelerated changes unseen in a century in the world, warning of increasing risks and uncertainties in the world economy caused by mounting unilateralism and protectionism.
"However, peace and development remain the underlying trend of our times. Meeting challenges through cooperation is the only way forward for us in the international community," Xi noted.
Taking into account China's domestic development and changes in the external environment, the country's top leadership has made a strategic decision to foster a new development paradigm with the domestic circulation as the mainstay and internal and external circulations reinforcing each other.
STRATEGIC PRIORITY
Elaborating on the new paradigm, Xi said China will expand domestic demand as a strategic priority and ensure smooth flow of economic activity, vigorously make scientific and technological innovations to foster new growth drivers, while continuing to deepen reform and energize the market.
