Finance ministers set APEC stage

At this meeting, we will work toward positive outcomes in three aspects:

First is to maintain economic and financial stability in the Asia Pacific region.

Currently, the global economy faces many risks and challenges, and the recovery is still slow and weak. As the Asia Pacific region has the biggest population, the largest proportion of global GDP and the greatest vitality, it needs to recover first and take the lead in economic growth.

We will seize the opportunity offered by this meeting to increase dialogue and cooperation in macroeconomic policy [and] make known to the world our determination and confidence in working together to promote the strong, balanced and sustainable economic development of this region.

Second is to promote pragmatic cooperation in the region. As APEC economies are highly interdependent, closer regional economic cooperation will surely increase their common interests and achieve common prosperity.

In light of the needs of the APEC region, this year's meeting prioritizes cooperation on infrastructure investment and financing.

It will achieve concrete results in the application of the PPP model to infrastructure development. ... We will brief all parties about China's PPP Center established at the Ministry of Finance.

Third is to display China's determination to press ahead with reforms. What China has achieved over the past 30 years of reform and opening-up has impressed the international community, and China's future prospects are of great interest to all sides.

Faced with complicated challenges at home and abroad, we will maintain steady and sustainable development by pressing ahead with reform and unleashing the vitality of the market.

Last year, the Third Plenary Session of the 18th Central Committee of the Communist Party of China laid out the general objectives and framework for comprehensively deepening reforms. ... This year's APEC Finance Ministers' Meeting provides us with an important opportunity to show the Chinese government's commitment to reform and to boost the international community's confidence in China's economic outlook.

I believe, through this meeting, that we will create a more harmonious atmosphere for the APEC Economic Leaders' Meeting this November and contribute to the shared prosperity of the Asia Pacific region as a big family.

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