Chinese president to meet Obama at APEC summit

(Xinhua) Chinese President Hu Jintao will meet with his U.S. counterpart, Barack Obama, at the 19th Asia-Pacific Economic Cooperation (APEC) Informal Leadership Meeting, said China’s Assistant Foreign Minister, Wu Hailong, on Monday.

He said the APEC summit will be held from Nov. 12 to 13 in Hawaii, with the theme of “seamless regional economy.”

According to Wu, speaking at a Foreign Ministry media briefing, Hu will attend the “APEC Leaders’ Informal Meeting, Leaders’ Dialogue with Representatives from APEC Business Advisory Council, and APEC CEO Summit.”

China hopes the APEC members will implement the economic growth strategy agreed last year, striving to achieve a balanced, inclusive, sustainable, innovative and safe economic growth, said Wu.

China expects the APEC members to comprehensively promote regional trade and investment liberalization, he said, adding that all member states should fulfill their commitments and oppose all forms of trade protectionism.

Wu said APEC should strengthen economic and technical cooperation to enhance the development ability of the developing members, and therefore to achieve common prosperity.

“APEC members generally hold positive attitudes toward U.S. proposals in various fields such as green growth, innovation policy. But some of the U.S.’s expected outcomes are beyond the capacity of the developing members, and they have expressed their difficulties and concerns,” Wu said.

“However, all parties hope this meeting will achieve balanced and practical results”.

Assistant Commerce Minister Yu Jianhua said major topics to be discussed at the summit would include pushing forward the Doha Round negotiations, opposing trade protectionism, promoting green growth, and cooperation on developing regulations to govern emerging industries.

He said China hopes the meeting will further promote the liberalization and facilitation of trade and investment in the Asia-Pacific region, push forward economic and technology cooperation, support multilateral trade systems, oppose trade protectionism, so as to inject vitality into world economic recovery and growth.

On safeguarding the multilateral trade system, Yu said the decade-long Doha round talks have entered a critical period and the summit should be a strong voice for the early completion of the talks as well as joint resistance against trade protectionism.

He said the APEC members should make joint efforts to remove discriminatory trade restrictions on high-tech products, and promote technology transfer and cooperation, so as to enable all members to benefit.

On green growth, he said as APEC members differ sharply in their basis, conditions and levels in developing a green economy, the liberalization of environmental products and services should be pushed steadily.

He also called on the developed economies to enhance capital and technical support for the developing economies, helping them in achieving their potential for sustainable development.