Chinese President Hu Jintao has urged wealthy nations
to invest more in developing countries in Asia, warning
that "economic imbalances" in the region would
at the Asia-Pacific Economic Co-operation summit in
Vietnam, Hu said developing countries would not benefiting
fully from globalisation unless developed countries
were willing to co-operate to promote technological
and financial development, "with no strings attached."
Chinese president stressed that China itself would encourage
foreign investment by opening its services sector to
competition and improving protection for intellectual
APEC summit got underway today at the Vietnamese capital,
President George W Bush, who arrived in Vietnam yesterday
for the annual Asia-Pacific Economic Co-operation (Apec)
summit, is expected to focus on trade relations, and
has called on the 21-nation forum to put stalled world
trade talks back on track.
US is among the key non-Asian participants
Trade Organization talks on free trade have been stalled
since July, after the failure of an agreement over how
to cut the big agricultural subsidies by Western countries.
his stop over at Singapore yesterday en route to Hanoi,
Bush who is the second US president to visit Vietnam
since the end of the US-Vietnam war in the ''70s, vowed
to maintain strong US engagement in Asia and said a
regional free trade area must be "seriously considered."
of the trip the US House of Representatives refused
to pass a historic trade bill seeking normalisation
with communist ruled Vietnam, considered a setback for
the US president ahead of his trip at a time when other
countries have been attracted by its strong growth in
to strengthening trade ties with Hanoi.
also warned North Korea against nuclear weapons proliferation,
asking it to seek "a peaceful path" instead.
He is also expected to promote democratic reforms among
the APEC nations.
his visit, Bush will hold talks with his Russian Vladimir
Russia, President Hu Jintao of China, Japanese premiere
Shinzo Abe and South Korea''s President Roh Moo-hyun
and, among others.
is also is expected to sign a trade deal with Russia
facilitating its admission to the WTO.