Date
19 November 2017
“Being a big country means shouldering greater responsibilities for the region, as opposed to seeking greater monopoly over regional and world affairs,” Xi Jinping tells the Boao Forum for Asia 2015. Photo: Xinhua
“Being a big country means shouldering greater responsibilities for the region, as opposed to seeking greater monopoly over regional and world affairs,” Xi Jinping tells the Boao Forum for Asia 2015. Photo: Xinhua

Xi calls for new economic, security order in Asia

President Xi Jinping outlined China’s vision for a new security and economic order in Asia and offered to spread the benefits of Chinese prosperity and cooperation across the region, The Wall Street Journal reported.

Speaking at a regional forum in Boao, Hainan province, over the weekend, Xi presented China as a partner willing to “jointly build a regional order that is more favorable to Asia and the world”.

He highlighted the new China-led Asian Infrastructure Investment Bank and other initiatives to mobilize hundreds of billions of dollars to finance railways, ports and other projects and promote regional economic integration.

Xi stressed that China’s vision, while centered on Asia, was open to participation by all countries. But he said that given China’s size, the country will naturally play a larger role.

“Being a big country means shouldering greater responsibilities for the region, as opposed to seeking greater monopoly over regional and world affairs,” Xi said.

Without referring to the United States by name, Xi suggested the security alliances dominated by the US in the region should be done away with, the newspaper said.

“No country could have its own security assured without the security of other countries, or of the wider world,” he said.

“The Cold War mentality should be truly discarded and new security concepts be nurtured as we explore a path for Asia that ensures security for all.”

Meanwhile, China’s Ministry of Finance welcomed Sunday the decisions of Denmark and Australia to apply to join the AIIB, Xinhua reported.

Denmark filed its application Saturday, while Australia followed on Sunday, the ministry said.

The application deadline is Tuesday, and the founding members will be confirmed on April 15.

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