- CNTV English - CCTV News

APEC ascertains reforms for balanced growth in the region

08-09-2010 09:27 BJT

TOKYO, Aug. 7 (Xinhua) -- The Asia-Pacific Economic Cooperation (APEC) forum highlighted the need for structural reforms and cooperation with the Group of 20 major economies to realize balanced growth in the region during a high-level meeting in Beppu in southwestern Japan, local media reported on Saturday.

The idea was agreed on by the representatives of the 21-member economies as they gathered in Oita Prefecture for a two-day discussion on a long-term comprehensive growth strategy, which is aimed to secure balanced and sustainable economic growth in the region following the global financial crisis triggered in 2008, Kyodo News reported.

Balanced growth aims to unwind imbalances within and across APEC economies through macroeconomic policies and structural reforms and is part of the five aspects the strategy would focus on. The four other pillars are inclusive, sustainable, innovative and secure growth, according to Kyodo News.

APEC involves such members as Australia, China, Japan and the United States. It accounts for more than half the world's economic output and 44 percent of its trade by value.

Editor:Jin Lin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program