Apec is the largest, highest-ranking and most influential economic cooperation mechanism in the Asia-Pacific region. It is of great strategic significance in the world with 21 members, 40 per cent of the worlds population, 57 per cent of the total world economy and 46 per cent of the total global trade. Celebrating its 25th anniversary, the theme of 2014 Apec is Shaping the future through Asia-Pacific partnership. Never before had the cooperation in Asia-Pacific been so full of hope and opportunities. Yet, never before have we had to deal with so many risks and challenges. This years Apec meeting will focus on three priorities. One, advancing regional economic integration. Important items under this priority include promoting Asia-Pacific free trade area, supporting the multilateral trading system, advancing cooperation on global value chains and supply chains and strengthening capacity-building in trade and investment.
Two, promoting innovative development, economic reform and growth. The objective is to promote pragmatic cooperation around the five pillars of economic reform, new economy, innovative growth, inclusive support and urbanisation in order to leap over the middle-income trap, to bring green development and innovative growth, to build a blue economy and an internet economy, and to achieve urbanisation. Three, strengthening comprehensive connectivity and infrastructure development. Connectivity has three pillars: first, physical or hard connectivity, which includes transport, telecommunications, ICT and energy infrastructure; second, institutional or soft connectivity, which includes customs, supply chain, financial and regulatory coherence, structural reform, etc; third, people-to-people connectivity, which includes business mobility, labour and professional mobility, tourism facilitation, and transnational education. This year we have the mandate to develop the blueprint, which will address the achievements and challenges of connectivity in this region, as well as the key initiatives for enhanced Apec connectivity and strategies for implementation.
Asia-Pacific is the region where our home is. As a member of the Asia-Pacific big family, China sees the prosperity of the entire region as the foundation of its own wellbeing. Id like to share with all of you our ideas about the common development in four key words all starting with the letter C, the four Cs. The first word is creative. Chinas reform and opening up over the past 30 years is a textbook example of creative thinking and large-scale innovation. Recently, Alibabas IPO success has become a household story. Alibaba might be the star at the moment, yet it is just one in the Milky Way of Chinese private enterprises that have made great achievements over many years. Other Chinese companies such as Huawei and ZTE have embraced competition at home and abroad and emerged as industry leaders. The second word is conducive. Since its formation, the new Chinese government has introduced reforms to simplify the administrative approval system so as continued - See more at: http://indianexpress.com/article/opinion/columns/china-and-india-are-two-major-forces-in-process-of-formation-of-a-multi-polar-world-chinese-ambassador-to-india/#sthash.tCXRiJec.dpuf