China is seeking a new industrialization path to shoulder its responsibility of resolving problems arising out of climate change.
President Hu Jintao said this in Sydney yesterday while delivering a speech titled "Advancing Comprehensive Cooperation in Pursuit of Sustainable Development" at the business summit of the Asia Pacific Economic Cooperation (APEC) forum.
Hu put forward five proposals: promoting balanced world economic growth, establishing a sound multilateral trading regime, maintaining a stable energy supply, creating a sound natural environment and making advancements in the fields of science, technology and education.
The Chinese government will keep following this path of a industrialization that is science and technology-driven, cost-effective and resource-efficient, and causes less pollution and taps the full potential of human resources, the president said.
The imbalance in the world economy has created increasing trade protectionism, affected the proper distribution of world resources and worsened the problems in the structure of the global economy, Hu said. All these pose a danger to continuous and steady economic development.
All countries should pay more attention to the problem, he said. They should expand domestic consumption, reduce budget deficits, and quicken the pace of reform and structural readjustment.
He urged the developed members of the World Trade Organization (WTO) to make due efforts for the successful conclusion of the Doha Round of trade talks by being more flexible on key issues "such as reducing agricultural subsidies and tariffs".
"We must say no to trade protectionism and eliminate trade barriers," Hu said.
On trade surplus, he said: "China does not seek a large trade surplus." The government will take steps to pursue "coordinated and balanced growth of imports and exports".
Hu is in Sydney on a state visit to Australia and to attend 15th Economic Leaders' Meeting of the APEC forum, scheduled for Saturday and Sunday.
A scholar Chen Fengying, of the China Institute of Cotemporary International Relations, saw APEC as a valuable force in China's development, and described it as a platform connecting China and the world.
"Although it is an economic forum, it also serves as a security and political organization, which can even lead Sino-US relations toward maturity."
China shoulders lots of responsibilities within the APEC frame, too, and has achieved "win-win results", Chen said. "Without the participation of China, I don't think APEC would have been able to boast of all its achievements today."
Source: China Daily
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