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Li Keqiang Meets with Heads of Delegations for APEC Finance Ministers' Meeting

In the afternoon of October 21, 2014, Premier Li Keqiang held a group meeting with the heads of delegations who came to Beijing to attend the 21st Finance Ministers’ Meeting of the Asia-Pacific Economic Cooperation (APEC) at the Great Hall of the People.

Li Keqiang said that generally speaking, China’s economy in the first three quarters still falls within a reasonable range, and shows some positive and profound trend changes. The structural optimization featuring orientation of service industry and accelerated emergence of new business patterns has manifested itself more clearly. The new driving forces of development deriving from reforms such as streamlining administration and delegating power to lower levels have displayed accelerated growth. The indexes of employment, energy conservation and consumption reduction have exceeded expectations. Meanwhile, the external environment remains complicated and volatile, and China’s economic development still faces some downward pressure and difficulties. A period of time is still needed before the reform measures fully show effect. After all, we are fully confident in China’s economy while taking the challenges we face seriously, and will accomplish the main tasks of the whole year in an energetic and enthusiastic spirit.

Li Keqiang pointed out that China has been committed to promoting economic development and cooperation in the Asia-Pacific region, and is willing to work together with APEC members to promote a strong, sustainable and balanced growth of the global and regional economy. I hope that the APEC Finance Ministers’ Meeting actively explore the future path of economic transformation and development of the Asia-Pacific region, promote economic practical cooperation in the region, and inject new content and vitality into the APEC cooperation.

Treasurer Joe Hockey of Australia, on behalf of the 25 economies and international organizations attending the meeting, said that China has made extraordinary achievements in its economic and social development. China’s economic success is not only a blessing for the Asia-Pacific region, but also of great significance to the world. All the economies are willing to make joint efforts with China for the success of the APEC meeting.

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