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China and the EU need to remain committed to the overall direction of economic globalization. In his speech at the World Economic Forum in Davos earlier this year, President Xi Jinping underscored China's commitment to upholding free trade and put forward the proposition of making economic globalization more open, inclusive, balanced and beneficial to all. His message has given a boost to people's confidence in economic globalization.Powered by trade and investment liberalization and facilitation, economic globalization has always been and will continue to be a major driver for sustained global growth. Just as there is no panacea in the world which does not involve any pain, economic globalization is not problem-free. We need to face up to these problems and make efforts to address and alleviate their adverse impacts. In any case, one cannot stop eating for fear of choking, to apply the brakes on economic globalization or try to reverse course is neither advisable nor consistent with the historical trend. The most urgent task now is to uphold free trade, re-energize trade and investment, push the global economy onto the track of steady recovery and spread the benefits of economic globalization to more countries and communities. Both being beneficiaries of free trade, China and the EU should also be its staunch advocates.

China and Vanuatu should deepen cooperation in areas including infrastructure construction, business, trade, fishing and tourism, Li said in the meeting with his Vanuatu counterpart at the Great Hall of the People.

China Daily/Reuters/Xinhua

China and the United States pledged in their phase-one trade agreement on Wednesday to accelerate two-way opening of the financial service sector. [Photo/IC]

China and Cambodia have maintained high mutual political trust, benefited mutually from their economic ties and coordinated closely in international affairs, Xi said, adding that China is willing to make joint efforts for greater bilateral achievements to benefit both peoples.