China to bring 3 major opportunities for neighbors

Chinese Foreign Minister Wang Yi has emphasized his country’s commitment to ties with neighboring nations and elaborated on the opportunities available to them in the new year. He made the remarks after a meeting with his visiting Mongolian counterpart Luvsanvandan Bold.

Wang Yi said China’s reforms, regional development initiatives and hosting of two regional summits in 2014 will bring new opportunities to its neighbors and benefit the Asia-Pacific region.

Chinese Foreign Minister Wang Yi meeting his Mongolian counterpart Luvsanvandan Bold in Beijing....

In their meeting, both sides agreed to boost economic cooperation and speed up collaboration in infrastructure, energy and mineral resources.

It marked Wang Yi’s first meeting with a foreign minister in 2014.

Wang said the talks showcased the importance China attaches to Mongolia and also the neighboring region.

At a joint press briefing after the talks, Wang Yi went on to enumerate the three opportunities China will create for its neighbors in the coming year. First are those from China’s reforms.

"China’s reform and opening-up over the past decades have contributed greatly to the development of Asia’s economy. In 2014, China will launch a new round of comprehensive reforms. Transformation of China’s economy and exploitation of its market potential will bring new opportunities for the world and especially benefit neighboring countries,” Wang Yi said.

The second are the opportunities from China’s latest proposals on regional cooperation, which Wang says will benefit the region’s development.

"Last year, China’s new leadership advocated a series of mechanisms for long-term and common development of the region. These include the Silk Road Economic Belt and an updated version of the China-ASEAN Free Trade Area. The implementation and promotion of these initiatives will inject great impetus for the economic development of countries in the region,” Wang Yi said.

Third are the opportunities from China’s hosting of two upcoming summits this year, namely, the APEC summit and the Conference on Interaction and Confidence-Building Measures in Asia.

"By hosting these events, China will play a positive role in boosting economic development and security cooperation in the Asia-Pacific region,” Wang Yi said.

Wang Yi acknowledged that due to historical reasons, China still has some disputes with its neighbors. He assured that China will handle disputes through talks with goodwill and in a candid manner, on the basis of safeguarding the country’s sovereignty and territorial integrity. Wang also said that China will continue to play a constructive role in regional issues, including those of Iran and Afghanistan, in order to contribute more to regional peace and stability.

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