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Chinese President Hu Jintao meets Singaporean Prime Minister
23/10/2008 16:05

Chinese President Hu Jintao met this morning at the Great Hall of the People with Singaporean Prime Minister Lee Hsien Loong who is in Beijing to attend the seventh Asia-Europe Meeting (ASEM) to be held on Oct. 24 to 25.
Hu congratulated Lee on the free trade agreement (FTA) between China and Singapore signed earlier this morning, quoting the pact signals "the economic ties between the two countries had entered a new stage".
He said China attached great importance to Sino-Singaporean relations since the two countries established diplomatic ties 18 years ago, and is willing to deepen mutually-benefiting cooperation between the two sides and thus contribute to the stability and development of Asia.
He said in face of the complicated global financial situation, all nations in the world should coordinate with each other in policy making and bridge over the difficulties with confidence.
He pledged that China will make concerted efforts with the international community to maintain global financial and economic stability with a responsible attitude, and to sustain its domestic financial and economic stability by transforming the economic growth pattern, restructuring the economy, and attaching more importance to agriculture.
Lee Hsien Loong said the newly signed FTA pact would further improve the bilateral ties between the two countries, and push forward regional cooperation in East Asia.
He said the overall situation of the Asian economy is still good, but urged Asian countries to strengthen cooperation in the backdrop of the global financial crisis and take measures to restore confidence in the financial market to contribute to global financial stability.
Established as a high-level forum between governments of Asia and Europe, the ASEM this year is expected to focus on how to respond to the current global financial crisis, rather than the earlier planned topics like climate change, sustainable development and energy security.
Launched in 1996 as an informal dialogue mechanism, the ASEM now includes 45 members, representing more than 50 percent of the world's gross domestic product.


Xinhua