China advocates APEC leadership in economic globalization despite setbacks

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Xinhua, Lima :
Chinese President Xi Jinping on Sunday urged members of the Asia-Pacific Economic Cooperation (APEC) to stay committed to taking economic globalization forward with vigorous measures, despite increasing setbacks around the world.
Speaking at the 24th APEC Economic Leaders’ Meeting here in Peru, Xi highlighted the APEC’s role as a pioneer, leader and trailblazer of economic cooperation in the Asia-Pacific and the world at large, and called on APEC members to leverage the Asia-Pacific’s role as a growth engine and work for an innovative, invigorated, interconnected and inclusive world economy.
Currently, the world economy still finds itself in profound adjustment, with weak recovery and more divergent growth, said Xi, adding that economic globalization has encountered setbacks, as evidenced by sluggish international trade and investment and rising protectionism.
Citing the blueprint for strong, sustainable, balanced and inclusive world economic growth produced by the G20 Hangzhou Summit in September, the Chinese president said it embodies the spirit of partnership to jointly rise to challenges as well as the commitment to common development.
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