International Department of the CPC Central Committee       BEIJING REVIEW
Thursday, November 30, 2017       MONTHLY
Sharing progress
By Yu Lintao 

Chinese President Xi Jinping, also General Secretary of the CPC Central Committee, delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nang, Viet Nam, on November 10 (XINHUA) 

When Chinese President Xi Jinping,also General Secretary of the Communist Party of China (CPC) Central Committee, went to Viet Nam to attend the 25th APEC Economic Leaders' Meeting, followed by state visits to Viet Nam and Laos, there was keener world attention to the itinerary than usual. It was Xi's first overseas trip after the 19th CPC National Congress,which charted out the path China would follow for the next five years.

With China assuming greater responsibilities in international affairs, Xi's Southeast Asia visit was to be an indication of China's foreign policy, especially vis-à-vis its neighboring countries.

Committed to globalization

The Asia-Pacific region today is witnessing uncertainties in economic development as multilateral free trade agreements face the threat of being downgraded to bilateral ones and restrictions are being imposed on free trade and investment. This has made protectionism a major risk to the region's growth at a time when it lacks major economic drivers.

The trend of rising trade protectionism is bound to jeopardize APEC's fundamental architecture of free trade and its major goal of realizing open, inclusive and integrated development.

In his speeches at the APEC meetings in Viet Nam's central port city Da Nang, Xi urged the 21-member bloc to remain true to APEC's founding purpose: to advance trade and investment liberalization and facilitation, build an open economy, uphold and strengthen the multilateral trade regime, and help rebalance economic globalization.

"We need to take determined steps toward a Free Trade Area of the Asia-Pacific in line with the agreed roadmap, and herald a new round of development in the Asia-Pacific in the course of opening up," Xi said.

Emphasizing the importance of an open economy, innovation-driven development, connectivity and inclusive development, Xi outlined pragmatic ways to achieve common development. They include furthering economic globalization, fostering an open economy, and promoting trade and investment liberalization.

"History has taught us that closed-door development will get [us] nowhere, while open development is the only right choice," Xi said. "Looking ahead, China will open still wider and its development will deliver even greater benefits to the rest of the world."

Xi's sharing of China's development experience indicates China's commitment to interconnected development and building a community of shared future for mankind, said Shen Dingli, a professor on international studies at Shanghai's Fudan University.

Chinese President Xi Jinping attends a grand welcome ceremony hosted by Nguyen Phu Trong, General Secretary of the Communist Party of Viet Nam Central Committee, ahead of their talks in Hanoi, Viet Nam, on November 12 (XINHUA)  

A special bond

The China-Viet Nam relationship has always been regarded as camaraderie plus brotherhood. Xi held talks with the country's top leadership, including General Secretary of the Communist Party of Viet Nam (CPV) Central Committee Nguyen Phu Trong, Vietnamese President Tran Dai Quang and Prime Minister Nguyen Xuan Phuc.

During the discussions with Nguyen Phu Trong, both leaders agreed to maintain the tradition of high-level exchanges, adhere to a friendly policy toward each other's country, and enhance strategic communication and political mutual trust. They also agreed to deal with differences in a proper way so that China-Viet Nam relations would move in the right direction. In addition, the two sides consented to deepening party-to-party exchanges and stepping up experience-sharing in party and state governance.

Xi said that with the international and regional situations in the new period undergoing profound changes, the China-Viet Nam relationship is becoming more significant.

Nguyen Phu Trong called it a matter of great significance that Viet Nam was Xi's first overseas destination after the 19th CPC National Congress. Viet Nam, he added, is willing to work with China to strengthen exchanges on party and state governance, carry forward traditional friendship, and strive to lift the relations between the two parties and two countries to a new level.

In recent years, the two neighbors have deepened and broadened practical cooperation in many fields.

China has been Viet Nam's biggest trading partner for 13 years in a row, and Viet Nam has become China's biggest trading partner among Association of Southeast Asian Nations (ASEAN) countries. Bilateral trade in 2016 reached nearly $100 billion. There are over 300 passenger flights between the two countries every week.

To reinforce the pragmatic cooperation, the two sides have agreed to further synergize their development strategies by signing a memorandum of understanding on the joint implementation of the China-proposed Belt and Road Initiative and Viet Nam's Two Corridors and One Economic Circle plan.

Wang said the docking of the two development initiatives would push the China-Viet Nam comprehensive strategic cooperation partnership to a new stage.

During Xi's visit, a series of consensuses were reached on strengthening cooperation on trade and maritime issues. A joint statement issued during the visit said the two sides agreed to jointly implement the five-year China-Viet Nam economic and trade cooperation plan starting from this year and implement several key cooperation projects. The two governments also decided to push for the early completion of the Hanoi light rail project. They will also complete the designing of a standard-gauge railway linking Hai Phong, Hanoi and Lao Cai cities in Viet Nam, part of a cross-border railway network that connects China with Viet Nam's eastern coast, as scheduled.

The joint statement also said China and Viet Nam are committed to promoting sustained, stable and balanced development of bilateral trade. China is willing to expand its imports from Viet Nam and prioritize the assessment of the import of Viet Nam's dairy products to China. China will also open up markets for select categories of fruits from Viet Nam and cooperate in such fields as agriculture, forestry and fisheries.

On maritime cooperation, China and Viet Nam agreed to implement the Declaration on the Conduct of Parties in the South China Sea and strive for an early conclusion of a code of conduct on the basis of consensus through consultations

Xi also laid a wreath at Ho Chi Minh's mausoleum and attended the inauguration and handover ceremony of the Viet Nam-China Friendship Palace, a China-sponsored project. A center for cultural activities, the palace can accommodate 1,500 people. It will also house a tea room, a Chinese medicine therapy room and a library.

Chinese President Xi Jinping (C) and Lao President Bounnhang Vorachit attend the foundation-laying ceremony for the China-built Mahosot Hospital in Vientiane, Laos, on November 14 (XINHUA) 

Community of shared future

Xi's trip to Laos marks the first visit by a Chinese head of state and top CPC leader to this neighboring country in 11 years.

In Laos, Xi met with Bounnhang Vorachit, General Secretary of the Lao People's Revolutionary Party Central Committee and President of Laos; Prime Minister Thongloun Sisoulith; and Lao National Assembly President Pany Yathotu.

The leaders of the two countries pledged to maintain the fine tradition of high-level exchanges to guide the development of bilateral ties in the new era.

Chen Fei, a researcher with Beijing-based think tank The Charhar Institute, said the strong traditional friendship between the two countries has laid a solid foundation for the bilateral ties to develop in the new era.

China has been one of the major contributors to Laos' foreign assistance. Now it is also the largest foreign investor in Laos and the second largest trading partner of the country.

Xi's visit yielded a long list of bilateral cooperation outcomes. According to a joint statement issued during the trip, the two countries reaffirmed their firm support in issues related to each other's major interests and agreed to accelerate the synergy of the Belt and Road Initiative and Laos' development strategy.

China and Laos have agreed to jointly build a China-Laos economic corridor, forge ahead with landmark projects such as the China-Laos Railway, and elevate the scale and level of their economic and trade cooperation to promote their economic complementarity.

They will also deepen cooperation on industrial capacity, finance, agriculture, energy and water conservancy, in addition to telecommunication, infrastructure and healthcare.

Xi's visit also saw a series of cooperation documents inked in fields as diverse as building the China-Laos economic corridor, a digital Silk Road, electricity and science and technology.

Constructed with Chinese financial support, the 414-km China-Laos Railway, linking the border gate between China's Mohan and Lao's Boten towns with the Lao capital Vientiane, is a key project in Laos under the Belt and Road Initiative. Chen said it would transform land-locked Laos into a land-linked nation, injecting new impetus into national development.

Lattanamany Khounnyvong, Lao vice minister of public works and transport, said Laos is an agricultural country that needs three days to send its vegetables to China. But once the railway is completed, it will need only three and a half hours. The improved transportation will also help Laos attract more foreign investment.

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