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BEIJING, Nov. 11, 2021 /PRNewswire＝KYODO JBN/ --

China has pledged to better safeguard investment and business operations in the

country to further its all-round opening-up and advance global economic

recovery. The pledge comes almost two months after it announced applying for

the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

(CPTPP) and about a month and a half before the Regional Comprehensive Economic

Partnership (RCEP) agreement takes effect.

China will treat all types of market entities equally and build a "unified and

open market system with orderly competition," said Chinese President Xi Jinping

in his address at the Asia-Pacific Economic Cooperation (APEC) CEO Summit via

video link on Thursday. In his keynote speech, Xi called for commitment to

sustainable development and efforts to build an Asia-Pacific community with a

shared future.

Explaining recent measures taken by Chinese authorities to improve the

implementation of anti-monopoly laws and strengthen regulations of some

domestic industries, he said the measures are necessary for the healthy

development of China's market economy, adding that they are also common

practices across the world.

"We will work unswervingly to consolidate and develop the public sector, and

encourage, support and guide the development of the non-public sector," he

said.

China will make continuous efforts to strengthen the foundation for the

long-term development of its economy and provide a better safeguard for

Asia-Pacific and global businesses to invest and start operations in the

country, he said.

Established in 1989, APEC has become an important platform to facilitate

economic cooperation among 21 economies in the Asia-Pacific region. The CEO

Summit is part of the 2021 APEC Economic Leaders' Week, hosted by New Zealand

and chaired by Prime Minister Jacinda Ardern.

In his speech, Xi called on economies in the region to "look and march forward"

and "oppose discriminative and exclusive acts."

"There will be no future to draw lines according to ideology and form small

geopolitical circles," he said. "The Asia-Pacific region cannot and should not

go back to the state of confrontation and division of the Cold War era."

Development and green transformation

Xi also elaborated on the relationship between economic development and green

transformation, calling for a coordinated and holistic approach to promote

green and low-carbon transformation.

"Without development, we cannot foster enough economic forces to sustain the

green transformation; if people's livelihood is neglected, there will be no

social support for the green transformation," he said.

China vows to introduce a series of measures to facilitate the overall green

transformation of economic and social development during the 14th Five-Year

Plan period (2021-2025) and beyond. The country has pledged to peak its carbon

emissions by 2030 and achieve carbon neutrality by 2060.

Meanwhile, Chinese authorities vow to follow a people-centered philosophy for

development. After eradicating absolute poverty and securing a landmark victory

in building a moderately prosperous society in all respects, the country is

intensifying efforts to promote high-quality development that intends to bring

common prosperity for all.

"We must have an accurate grasp of the concept of sustainable development,

adhere to the people-centered approach, and coordinate economic growth with

securing people's livelihood, as well as energy conservation and emission

reduction," Xi said.

He called for efforts to "promote green transformation in economic development

and achieve greater development in green transformation."

Describing China's campaign to reduce carbon emissions as a "profound

socio-economic transformation," he said the country will strive to make

contributions to global green transformation.

Xi will attend the 28th APEC Economic Leaders' Meeting via video link on Friday

and deliver another speech.

https://news.cgtn.com/news/2021-11-11/Xi-China-to-treat-market-entities-equally-build-open-market-system-155j46p5vCE/index.html

Source: CGTN