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Xi called on Shanghai to improve economic productivity, optimize the allocation of global resources and achieve major breakthroughs in key technology fields to make innovation a strong momentum for high quality development.

Besides the business value of the initiative, Thomas P. Lamnidis, vice president of Greece's KLC Law Firm, referred it as a driving force promoting peace and stability.

The president hailed the time-honored history of friendly exchanges between the two countries, the outstanding examples of Eastern and Western civilizations.

APEC is a pioneer in building an open global economy. As the Bogor Goals are set for 2020, we should set our sights on post-2020 cooperation and endeavor to build a free trade area of the Asia-Pacific (FTAAP). We should say no to protectionism and unilateralism, uphold the WTO-centered multilateral trading system, make economic globalization more open, inclusive, balanced and beneficial to all, and expand converging interests and share opportunities through opening-up and cooperation.

APEC is a pioneer in building an open global economy. As the Bogor Goals are set for 2020, we should set our sights on post-2020 cooperation and endeavor to build a free trade area of the Asia-Pacific (FTAAP). We should say no to protectionism and unilateralism, uphold the WTO-centered multilateral trading system, make economic globalization more open, inclusive, balanced and beneficial to all, and expand converging interests and share opportunities through opening-up and cooperation.