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China To Boost Economic Growth Through Innovation And Opening-up, Nurturing Joint Development In The Asia-Pacific Region

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As the COVID-19 pandemic is still sweeping through the globe, with the Asia and Pacific region hit hard by the contagion, growth uncertainties are clouding economies to varying degrees.

Economic activity in the Asia and Pacific is expected to contract by 2.3 percent in 2020, and to grow by 6.7 percent in 2021, compared to a contraction of 5.8 percent in 2020 and a growth of 3.9 percent in 2021 for advanced economies, according to the International Monetary Fund (IMF).

China, whose economy saw positive overall growth in the first three quarters this year, shared its vision for continuing to foster domestic economic recovery and mutual beneficial cooperation with Asia-Pacific economies, as Chinese President Xi Jinping delivered a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues on Thursday via a video link in Beijing.

APEC, Asia-Pacific’s premier economic forum, was established in 1989 to leverage the region’s growing interdependence and boost regional prosperity through initiatives promoting free and open trade among member economies.


The Malaysia delegation of the APEC Business Advisory Council (ABAC) is hosting the forum for setting priorities in the aftermath of COVID-19, as Malaysia is the host of APEC this year.

Addressing leaders of Asia-Pacific’s business community, Xi said that China’s sound economic recovery has proven the resilience and vitality of the Chinese economy and he is confident that “steady unleashing of the China market potential will create vast business possibilities for other countries” and create stronger impetus for maintaining stable growth of the global economy.

Pursue innovation-driven growth

As science and technology have been playing an even more significant role in boosting social productivity, Xi said to achieve high-quality growth driven by domestic demand, China will vigorously boost scientific and technological innovations in the country.

He noted that innovation has always been the primary driver of development to China, and the country has made major achievements by implementing an innovation-driven development strategy.

“We will fully leverage the demand of our super-sized domestic market and the strengths of its complete industrial system and redouble efforts to turn research outcomes into real productivity,” the Chinese president said.

To sustain China’s long-term economic development, Xi added “we will endeavor to build an innovation system that integrates science and technology, education, industries and the financial sector, and upgrade the industrial chains.”

Nanshan district in the city of Shenzhen, Guangdong Province. /CGTN

Deepen reform and opening-up through mechanism improvements

The Chinese president also stressed that the country will continue to deepen reform and energize the market as reform is crucial for unleashing and boosting productivity.

The ratio of China’s foreign trade to GDP dropped from 67 percent in 2006 to less than 32 percent in 2019, while the ratio of current account surplus to GDP has come down from 9.9 percent in 2007 to less than 1 percent today.

In seven years since the 2008 global financial crisis, the contribution of China’s domestic demand to GDP exceeded 100 percent, making domestic consumption the main driver of its growth.

Xi said that China has entered a new stage of development with new tasks of reform, emphasizing that the country will be adopting a new “dual circulation” development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other.

However, by fostering a new development paradigm, Xi pointed out “we are not pursuing a closed-door circulation, but open and mutually reinforcing domestic and international circulations.”

In addition, the president added that China will take more steps to remove deep-seated systemic and institutional barriers to modernize China’s governance system and capacity along with some market restrictions, from strengthening protection of property and intellectual property rights, set up a high-standard market system to improve mechanisms for fair competition.

Hopes for the Asia-Pacific business community

The APEC’s 21 member economies together represent roughly 60 percent of the world economy and take up almost half of the world trade volume in 2018.

Xi highlighted that the Asia-Pacific business community is an engine driving economic growth, and it carries an important role of shaping the future of the region.

He expressed hope for the community as he suggested that the business sector should put its efforts in promoting open trade and investment as well as development, exploring ways to achieve innovation-driven growth, and cooperating with each other and lending hands of help to the disadvantaged if needed for maximizing development outcomes.

On Friday, Xi will be attending APEC Economic Leaders’ Meeting, which is expected to see the launch of the region’s Post-2020 Vision – the key policy document that is set to elaborate the goals and guidelines for APEC member economies’ future cooperation.

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Danish Scholar: Report by U.S., Canadian Think Tanks on Xinjiang is Full of Lies

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In March, the U.S. Newlines Institute for Strategy and Policy and the Canadian Raoul Wallenberg Center for Human Rights published a report on Xinjiang, fabricating lies to attack the human rights situation in the region. In response to this so-called “academic report,” European scholars have jointly published a report, noting that the Newlines institute has close ties to the U.S. government and that the identity of the experts who drafted the study is unclear.

In a recent exclusive interview with China Media Group, Danish scholar Jan Oberg, also the co-founder of The Transnational Foundation for Peace & Future Research (TFF), said that the data in the report released by the American and Canadian institutes were full of falsehoods and had no academic basis.

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Xi Jinping Visits Relocated Nanyang Locals for China’s Mega Water Diversion Project

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Chinese President Xi Jinping on Thursday paid a visit to relocated residents for the country’s mega water diversion project on the second day of his trip in Nanyang, central China’s Henan Province.

His visit this time marks his sixth inspection around the country this year, following southern areas of Guangxi and Fujian, southwest province of Guizhou, northern province of Hebei and capital Beijing.

To quench the thirsty north

The South-to-North Water Diversion Project – the world’s largest operation of its kind – was designed to optimize the allocation of water sources of the country and quench the thirsty north. Essentially, that would require taking water from China’s longest river, the Yangtze, through the project’s eastern, middle and western routes to feed the north.

On Thursday afternoon, Xi, also general secretary of the Communist Party of China (CPC) Central Committee, went to the county of Xichuan, where he inspected the Taocha Canal Head, the Danjiangkou Reservoir and the village of Zouzhuang.

Xi listened to updates on the construction, management and operation of the middle route of the water diversion project, and the ecological conservation of the water source region.

He also learned about the resettlement of people relocated because of the project, and measures to develop specialty industries and boost the incomes of resettled residents.

Xi told the villagers that he was concerned about their livelihoods and the whole nation should be gratitude for their sacrifice to make people along the route to drink good quality water.

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According to official data released in February, over 40 billion cubic meters of water were transferred through the project’s middle and eastern routes since part of the project went into operation.

The middle route of the project – the most prominent of the three routes of the project – starts from the Danjiangkou Reservoir in central China and runs across Henan and Hebei provinces before reaching Beijing and Tianjin.

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Xi also visited a villager surnamed Zou. Zou said life is getting better thanks to the leadership of the CPC.

“This year marks the 100th founding anniversary of the CPC. 100 years ago, the CPC was founded to make a good life for the people, not for its own interests,” Xi said.

“The 100-year history of our Party’s struggle is the history of working for the happiness of the people. The people are the rivers and mountains. The Party fights for and guards the rivers and mountains, all for the happiness of the people,” Xi stressed.

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How Does Xi Jinping Express Gratitude And Love to his Mother?

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As International Mother’s Day, an important occasion that falls on the second Sunday of May every year, will be celebrated on May 9 this year, the media started reporting moving stories about mothers and children.

Among the stories, Xi Jinping’s stands out as he is not only a son but also the president of China.

How does the president express gratitude and love to his mother? Xi’s way can be figured out when he stressed the importance of family bonds and family love and emphasized family education on many occasions.

Xi Jinping and his mother Qi Xin. /CCTV

Pass down family tradition

When President Xi delivered his first New Year address in 2013, photos placed on his bookshelves caught the online community’s attention, especially the image of him walking hand in hand with his mother.

Xi is a filial son. He chats with his mother Qi Xin, and takes a walk with her whenever he has time.

While meeting with representatives to the first National Conference of Model Families in December 2016, Xi told a story about family education. The conference was the first of its kind to honor model families selected nationwide. A total of 300 model families were honored.

“When I was a child, my mother gave me a picture-story book series-’The Legend of Yue Fei.’ One of its more than 10 volumes shows Yue Fei’s mother tattooing four characters saying ‘serve the country with the utmost loyalty’ across his back,” Xi said, adding that the story of Yue Fei, a well-known ancient military figure fighting against invasion, deeply impressed him.

Self-discipline

Qi led a simple life, which became a tradition for the family. No matter how painstaking to take care of the family while working, she never compromised her work. Her lifestyle and the family atmosphere guided Xi’s values.

“A person who failed to be incorruptible and self-disciplined will become a person with no guts. Keep in mind that honesty is a blessing and greed is a curse while establishing a correct view of power, status, and interests,” Qi once wrote in a letter to Xi, reminding him of self-discipline. Xi has incorporated these beliefs into his ideology and governance practices.

Calling corruption the “biggest” risk to the Party’s governance, Xi has stressed there is “no alternative” but to fight corruption against all odds and called for rigorous self-discipline within the Party.

While going after corrupt officials, including both high-ranking “tigers” to lower-level “flies” on the domestic front, Beijing has also carried out such operations as “Sky Net” and “Fox Hunt” to hunt down venal officials who have fled abroad.

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