CHINESE President Hu Jintao pledged on Friday that his country will continue to take vigorous steps to boost domestic demand.
'The series of measures China has adopted to counter the international financial crisis is conducive to the steady and relatively fast growth of the Chinese economy,' he said in a speech to Asia Pacific's business and political leaders in Singapore.
China's stimulus has also helped 'the international effort to alleviate the impact of the financial crisis and restore world economic growth', he added. But he also warned against protectionism, taking aim at the developed countries for unreasonable restrictions.
'We must continue to promote trade and investment liberalisation and facilitation and oppose protectionism in all its manifestations, particularly the unreasonable trade and investment restrictions imposed on developing countries,' said Mr Hu, without elaborating.
'The inherent problems of the international economic system have not been fully addressed and a comprehensive world economic recovery still faces many uncertainties and destabilising factors.'
His comments came a day after Apec finance ministers from the United States, China and 19 other economies rejected an early end to the huge stimulus packages they implemented to fight the global economic crisis.
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