BEIJING, Nov. 27 (Xinhua) -- Chinese President Hu Jintao's participation in the Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima on Nov.17-26 and his state visits to Costa Rica, Cuba, Peru and Greece are rich in content and fruitful in result, Chinese Foreign Minister Yang Jiechi said here Thursday.

As the world financial situation is becoming increasingly grave and China-Latin America, China-Greece relations are entering a new phase of historical development, President Hu's trip is of great significance in enhancing international cooperation to cope with global financial crisis and boosting the further growth of China-Latin America, China-Greece ties.

During his visit, Hu attended more than 70 activities and signed over 30 cooperation agreements with different countries. Hu was received with the highest courtesy and great warmth in all the countries he visited. The visits have also attracted great international and local media attention and been given heavy coverage.

ENHANCE INTERNATIONAL COOPERATION AGAINST FINANCIAL CRISIS

At the meetings, President Hu Jintao stressed the importance for international community to strengthen confidence, cooperation and coordination to tackle jointly the current financial crisis, maintain world financial stability, and promote global economic growth.

Hu proposed a number of measures to solve the current crisis, including strengthening coordination of macro-economic policies, curbing the spread of financial crisis through all necessary fiscal and monetary means to avoid a possible global economic downturn.

He proposed to adhere to the right orientation in establishing a new international financial order that is fair, just, inclusive, and orderly. Necessary reforms should be carried out in international financial system by following the principles of comprehensiveness, balance, step by step and effectiveness to create the system environment for the sound development of the world economy.

He also proposed to change the existing mode of unsustainable economic growth in an effort to solve the deep-seated problems in economic growth of various countries.

Hu also called for support to the developing countries struck by the financial crisis to help keep the momentum of their economic development.

BOOSTING STABLE DEVELOPMENT OF PRAGMATIC COOPERATION AMONG APEC MEMBERS

At the meeting, Hu put forward five-point proposals on dealing with major global issues of common concern.

He urged APEC member economies to build consensus and promote sound development of the multilateral trading regime.

He also urged them to take up responsibilities and jointly tackle climate change.

In addition, APEC member economies should enhance exchanges and cooperation and join forces to combat natural disasters, he said.

Efforts should be made to regulate guidance and strengthen corporate social responsibility, he added.

The Chinese president also stressed the importance for APEC members to take coordinated actions and ensure world food and energy security.

On APEC's future development, Hu said APEC should maintain its nature of a forum for economic cooperation and its approach of conducting cooperation on a non-binding basis.

He said that the APEC members should continue to promote balanced progress in economic and technical cooperation and trade and investment liberalization.

"In particular, we should increase input in economic and technical cooperation to enhance capacity-building in developing members and narrow the development gap."

Hu also presented proposals on tackling climate change, combating natural disasters and boosting the exploration of human resources.

He expressed China's willingness to help finance the network for Asia-Pacific forest restoration and sustained management, and host the APEC Human Resources Development Ministerial Meeting in 2010.

The proposals have drawn widespread welcome and support from the participating members.

Source: Xinhua