Press Release

Developed nations urged to support developing nations

17/11/2018

ASIA Pacific region has some of the most dynamic and promising economies.That’s according to President of the Peoples Republic of China, Xi Jinping during his address at the APEC CEO summit.

ASIA Pacific region has some of the most dynamic and promising economies.That’s according to President of the Peoples Republic of China, Xi Jinping during his address at the APEC CEO summit.

He said the APEC region is currently recognised the key vehical for global economic growth. President Xi said that economies in the Asia-Pacific region have a promising future if guided by right polices.

“The way forward in this era is to promote multilateral trading systems which will create great opportunities for all countries,” he said.

“With links in the global chain of cooperation, developed nations must help developing countries eliminate poverty,” he said.

President Xi said in-order for countries to achieve global economic development, developed nations must support developing nations through continued assistance in their development models.

“We should not expect one development model to fit all countries or copy the development model of other countries,” he said.

He explained that developing economies must have their own say on how they want to develop, or which development model suits their country’s need.

“Developing countries must have more say on their development path of choice” he said.

He concluded by expressing his concern for economies around the world to uphold the 2030 sustainable development goals (SDG) through embedding it in their national development strategies.