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China-Asean to continue cooperation

China and Asean should continue to take advantage of the in-depth development of regional cooperation, Chinese vice Premier Zhang Gaoli delivered a speech at the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2017 in Hainan province on Saturday.

The Boao Forum for Asia Annual Conference 2017 in Hainan province, China.

This year's BFA Annual Conference was held from March 23 to 26, with the theme, “Globalisation and Free Trade: The Asian Perspectives”.

The foreign leaders and guests attended the opening ceremony of the Boao Forum for Asia Annual Conference 2017 in Hainan.

Chinese vice Premier Zhang said that this year marks the 50th anniversary of the founding of Asean and 20 of anniversary of the establishment of Asean plus three of cooperation, and Asean plus China, Japan and Republic of Korea cooperation, the Lancang-Mekong River cooperation and others.

President Xi Jinping sent a congratulatory letter to the opening ceremony of the 2017 annual conference of the Boao Forum for Asia, held in China's Hainan province Saturday morning.

Since its establishment 16 years ago, the Boao Forum for Asia has played an important role in building Asian consensus, promoting Asian cooperation and upgrading Asian influence.

The theme reflected the attention on economic globalisation paid by the international community, especially the Asian countries.

Chinese Vice Premier Zhang Gaoli asked the Asian countries to join hands in promoting economic globalisation and free trade, and forging the community of common destiny for Asia and the mankind.

To achieve that goal, the Asian countries should promote a development mode featuring peace, innovation, openness, sharing and fairness.

China's sound economic fundamentals remain unchanged despite the economy entering a new normal period, he said.

China's GDP expanded 6.7 percent in 2016, contributing to more than 30 percent of global economic growth, with employment better than expected.

The growth was within a reasonable range, Zhang said, noting improving quality and efficiency and progress in improving people's livelihoods.

In his speech, Zhang reaffirmed China's commitment to further opening up its market, saying that the country is expected to import goods worth US$8 trillion in the next five years.

During the period, China will attract US$600 billion dollars of foreign investment, with outbound investment reaching US$750 billion.

Therefore Chinese tourists will make 700 million overseas visits in coming five years, stressing that China will keep opening its door wider.

The country will further ease access for foreign investment into its service, manufacturing and mining sectors.

The Belt and Road Initiative, proposed by China in 2013 with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa, is part of the Chinese answer to globalisation.

The initiative, which has seen the participation of more than 100 countries and international organisations, has helped stimulate economic growth, create jobs, and improve quality of life, said the vice premier.

 


By Khonesavanh Latsaphao
 
(Latest Update March 27, 2017)

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