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Ladies and gentlemen

In this golden autumn season of October, the APEC CEO Summit 2001 solemnly opens in shanghai today. On behalf of the Chinese Government, I wish to warmly welcome all of you to Shanghai, China and also to offer cordial congratulation on the opening of APEC CEO Summit 2001.

In every APEC CEO Summit, many business leaders across the Asia-pacific would together to discuss the immediate economic issues facing the Asia-Pacific region and even the world, explore development strategies for enterprises, seek better mutual understanding and make joint effort to build the framework of cooperation. The discussion at the CEO summit gives expression to the rich experience, wisdom and creativity of its participants. They have become a treasure house of all entrepreneurs and caught the attention of senior leaders and governments of APEC economies. It is fair to cooperation, which gives expression to the long-held APEC spirit of equality and cooperation. Today, the elite of the Asia-pacific business community meet once again in shanghai to express their views and discuss major issues under the theme of” New-Century, New Economy: Developing in Globalization”Chinese President jiang zemin and many leaders from other member economies will address the Summit. This will be an occasion under the new situation for important communication and exchanges between entrepreneurs and governments .It will help increase cooperation between enterprises in the Asia-Pacific region as well as strengthen relations between the enterprises an governments.

In the new century, the trend towwards economic globalization has grown stronger. The New Economy has developed at an extraordinary speed. The economic situation in the Asia-pacific region has undergone many changes. We need to think about ways to cope with these new developments. There is no denying that economic globalization has triggered more fierce market competition worldwide. As major players in economic activities and technological innovation , enterprises are obviously under pressure from competition. However, a wilder range of competition implies a wilder range of cooperation at the same time, we stand for cooperation amidst competition common development through cooperation and economic prosperity from common development, which will eventually lead to a better life for all people together.

I am confident that this Summit will help the entrepreneurs from APEC economies to unite as one, pool their wisdom and effort, and together face the grim challenge posed by the visible slowdown of world economic growth as well as the impact on world and regional economies resulting from the 11 September terrorist attack. It will help them to explore modalities for the growth and development of enterprises in the new situation, look for ways to rejuvenate the Asia-pacific economy and contribute their due share to stabilizing the economic situation in the Asia-pacific and the world as a whole.

China values its friendly cooperation with APEC economies; They are China’s important partners in economic cooperation and trade. In 2000,the trade volume between China and other APEC economies reached over U.S.340 billion, and newly-approved introduction of foreign capital from them exceeded U.S30 billion, both accounting for more than 70 % of China’s total foreign trade and absorbed foreign capital. China also encourages viable Chinese enterprises to invest and do business abroad and to take an active part in international competition and cooperation. Moreover, China overseas investment has been concentrated mainly in APEC regions.

After its entry into the WTO, china will honor its commitments and more vigorously advance

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