Keywords of China's major-country diplomacy: On international stage

BY  | FROM  | 2017-09-14 14:42

The following are a selection of keywords concerning China's foreign policy and related explanations:

G20 SUMMIT IN HANGZHOU

The 11th Group of 20 (G20) summit was held in China's eastern city of Hangzhou on Sept. 4-5, 2016. Themed "Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy," the summit aims to implement the consensuses reached at former G20 summits, and stress innovation, reform and development.

Chinese President Xi Jinping said at the G20 Hangzhou Summit that G20 members should strengthen their coordination on macroeconomic policies, jointly promote growth and safeguard financial stability, and innovate their growth patterns and explore new growth engines.

G20 members should improve global economic governance and mechanism guarantee, build an open world economy and continue to promote the liberalization and facilitation of trade and investment, he said.

ROADMAP OF FTAAP IN BEIJING

The vision to build the Free Trade Area of the Asia-Pacific (FTAAP), proposed at the Hanoi summit in 2006, was translated into reality at the 2014 APEC Summit in Beijing with the endorsement of a roadmap.

A manifestation of China's steadfast effort to promote globalization, the FTAAP has been envisioned as a major instrument for realizing Asia-Pacific economic integration and is expected to serve as a role model for globalization by injecting vitality into the world economy and rekindling enthusiasm for free trade.

The FTAAP has been hailed as "a strategic initiative critical for the long-term prosperity of the Asia-Pacific" by President Xi, who also called for a firm pursuit of the trade arrangement as an institutional mechanism to ensure an open economy in the Asia-Pacific.

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