News / Asia

Chinese Premier Calls for More Cooperation, Free Trade

Chinese Premier Li Keqiang (2nd L) claps as he walks with Australian Prime Minister Tony Abbott (L), South Korean Prime Minister Jung Hong-won (R) during the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2014 in Boao, Hainan province, April 10, 2014.
Chinese Premier Li Keqiang (2nd L) claps as he walks with Australian Prime Minister Tony Abbott (L), South Korean Prime Minister Jung Hong-won (R) during the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2014 in Boao, Hainan province, April 10, 2014.
As the global economy continues to struggle to recover, Asia remains a bright spot with developing countries still enjoying high rates of growth. On Thursday, at an international economic meeting in China, the country's premier said that regional integration is the way forward, for the sake of the global economy and despite regional frictions over territory.

Li Keqiang addressed an audience of businessmen and politicians from over 50 Asian countries at the opening ceremony of the Boao Forum, a regional economic meeting modeled after the World Economic Forum.

In his remarks, Li stressed the need for more cooperation and trade between countries in Asia. "In the past decade intraregional trade in Asia has expanded from $1 trillion to $3 trillion. Its share in total trade for Asian countries has increased from 30 to 50 percent. That is still far less than trade within the European Union," he said.
 
China has been lobbying for more infrastructure projects to connect the country with its neighbors to the South and West.

While physical transportation and energy links will help trade, China is also promoting the establishment of free trade zones to lure service and financial sector companies.

At home, Shanghai was designated as a pilot city in free trade last year. Since then, dozens of other cities have filed applications to create a similar scheme.

A regional free trade zone set up by the United States called Trans-Pacific Partnership (TPP) has so far excluded China, which is seen as not meeting the requirements of free market, labor guarantees and environmental protection.

On Thursday, Li Keqiang said that China takes an “open position” to the TPP. "As long as the TPP is conducive to global trade and an equitable and open trading environment, China is happy to see its conclusion," he said.

Li Keqiang's remarks come as China is experiencing a period of slowing economic growth. The leadership has committed itself to a radical overhaul of its economy towards a more market oriented system.

Analysts have noted that the types of reforms China is trying to implement at home are in line with the goals of regional trade pacts, such as the TPP.

"China would like to participate in the U.S.-led TPP process, so that China will not be left out in one of the largest trade zones in the future. All of that indicates that China is determined to engage in fast economic reform and restructure," stated
Li-Gang Liu, an economist at ANZ Bank in Hong Kong.

Li Keqiang acknowledged the challenges of cooperating in a region where territorial disputes routinely disrupt other areas of cooperation.

He repeated China's commitment to resolving disputes in a peaceful manner, but said that China will respond firmly to provocations that undermine peace and stability in the South China Sea.

You May Like

AU Takes Action on Boko Haram, Defers on S. Sudan

African Union is moving forward with a request for a military force to stop the spread of Boko Haram insurgency in West Africa; Ban Ki-moon welcomes decision to form a five-nation force More

Mass Protests Held for 58 Killed in Pakistani Shi'ite Mosque Bombing

Thousands of Shi'ite Muslims took to the streets across Pakistan Saturday to protest a powerful bomb blast at a mosque in Sindh province during Friday prayers, killing dozens of people More

Williams Wins Australian Open with Straight-Set Victory over Sharapova

The win is Serena Williams' sixth in Australia, and her 19th overall Grand Slam title More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Jefferson's Library Continues to Impress, 200 Years Lateri
X
Deborah Block
January 31, 2015 12:12 AM
Two hundred years after the U.S. Congress purchased a huge collection of books belonging to former President Thomas Jefferson, it remains one of America’s greatest literal treasures and has become the centerpiece of Washington’s Library of Congress. VOA’s Deborah Block reports.
Video

Video Jefferson's Library Continues to Impress, 200 Years Later

Two hundred years after the U.S. Congress purchased a huge collection of books belonging to former President Thomas Jefferson, it remains one of America’s greatest literal treasures and has become the centerpiece of Washington’s Library of Congress. VOA’s Deborah Block reports.
Video

Video Egypt's Suez Canal Dreams Tempered by Continued Unrest

Egypt plans to expand the Suez Canal, raising hopes that the end of its economic crisis may be in sight. But some analysts say they expect the project may cost too much and take too long to make life better for everyday Egyptians. VOA's Heather Murdock reports.
Video

Video Threat of Creeping Lava Has Hawaiians on Edge

Residents of the small town of Pahoa on the Big Island of Hawaii face an advancing threat from the Kilauea volcano. Local residents are keeping a watchful eye on creeping lava. Mike O’Sullivan reports.
Video

Video Pro-Kremlin Youth Group Creatively Promotes 'Patriotic' Propaganda

As Russia's President Vladimir Putin faces international pressure over Ukraine and a failing economy, unofficial domestic groups are rallying to his support. One such youth organization, CET, or Network, uses creative multimedia to appeal to Russia's urban youth with patriotic propaganda. VOA's Daniel Schearf reports.
Video

Video Filmmakers Produce Hand-Painted Documentary on Van Gogh

The troubled life of the famous 19th century Dutch painter Vincent van Gogh has been told through many books and films, but never in the way a group of filmmakers now intends to do. "Loving Vincent " will be the first ever feature-length film made of animated hand-painted images, done in the style of the late artist. VOA’s George Putic reports.
Video

Video Issues or Ethnicity? Question Divides Nigeria

As Nigeria goes to the polls next month, many expect the two top presidential contenders to gain much of their support from constituencies organized along ethnic or religious lines. But are faith and regional blocs really what political power in Nigeria is about? Chris Stein reports.
Video

Video Rock-Consuming Organisms Alter Views of Life Processes

Scientists thought they knew much about how life works, until a discovery more than two decades ago challenged conventional beliefs. Scientists found that there are organisms that breathe rocks. And it is only recently that the scientific community is accepting that there are organisms that could get energy out of rocks. Correspondent Elizabeth Lee reports.
Video

Video Paris Attacks Highlight Global Weapons Black Market

As law enforcement officials piece together how the Paris and Belgian terror cells carried out their recent attacks, questions are being asked about how they obtained military grade assault weapons - which are illegal in the European Union. As VOA's Jeff Swicord reports, experts say there is a very active worldwide black market for these weapons, and criminals and terrorists are buying.
Video

Video Activists Accuse China of Targeting Religious Freedom

The U.S.-based Chinese religious rights group ChinaAid says 2014 was the worst year for religious freedom in China since the end of the Cultural Revolution. As Ye Fan reports, activists say Beijing has been tightening religious controls ever since Chinese leader Xi Jinping came to office. Hu Wei narrates.
Video

Video Theologians Cast Doubt on Morality of Drone Strikes

In 2006, stirred by photos of U.S. soldiers mistreating Iraqi prisoners, a group of American faith leaders and academics launched the National Religious Campaign Against Torture. It played an important role in getting Congress to investigate, and the president to ban, torture. VOA's Jerome Socolovsky reports.
Video

Video Former Sudan 'Lost Boy' Becomes Chess Master in NYC

In the mid-1980’s, thousands of Sudanese boys escaped the country's civil war by walking for weeks, then months and finally for more than a year, up to 1,500 kilometers across three countries. The so-called Lost Boys of the Sudan had little time for games. But one of them later mastered the game of chess, and now teaches it to children in the New York area. VOA’s Bernard Shusman in New York has his story.
Video

Video NASA Monitors Earth’s Vital Signs From Space

The U.S. space agency, NASA, is wrapping up its busiest 12-month period in more than a decade, with three missions launched in 2014 and two this month, one in early January and the fifth scheduled for January 29. As VOA’s Rosanne Skirble reports, the instruments being lifted into orbit are focused on Earth’s vital life support systems and how they are responding to a warmer planet.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid