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Xi praised the summit as a perfect, remarkable and historic one in his concluding remarks.
NEW LEADERSHIP MECHANISM
"China's transition from a labor-intensive manufacturing powerhouse to a consumption-based innovative economy means less carbon footprint, which is good for climate change mitigation, gradual relocation of many manufacturing sites to neighboring ASEAN and South Asian countries, and emergence of world-class Chinese companies that can provide all sorts of high-end services and technologies," said Richard Javad Heydarian, assistant professor of political science at the Manila-based De La Salle University.
During the first session of the summit on Sunday, Xi elaborated China's views on the world economic situation, raised proposals on addressing global challenges, and called for concerted efforts to seek new impetus for global economic growth.
Since last year, Beijing and Seoul have worked on upgrading their ties toward a partnership for joint development, regional peace, Asian revitalization and world prosperity.
来源：资阳报