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President Xi Jinping speaks to open the Asia Pacific Economic Cooperation (APEC) CEO Summit in Beijing, Nov 9, 2014. [Photo by Xu Jingxing/Asianewsphoto]

7. Chinese president proposes Asia-Pacific dream

Xi called for efforts to create and fulfill an Asia-Pacific dream in Beijing on Nov 9 last year, saying China's economy will bring huge opportunities and benefits to the region and the world.

When elaborating on the idea, the president said the dream is about acting in the spirit of the Asia-Pacific community and out of a sense of shared destinies, following the trend of peace, development and mutually beneficial cooperation, and jointly working for the prosperity and progress of the region.

He added that the dream is about staying ahead of global development and making greater contributions to the well-being of mankind.

The dream is also about having more economic vibrancy, free trade and investment facilitation, better roads, and closer people-to-people exchanges.

Moreover, the dream is about ensuring greater security and prosperity for the people and giving children a better environment to grow, work and live, he said.

To realize the Asia-Pacific dream, the region should redouble efforts to forge a partnership of mutual trust, inclusiveness and win-win cooperation and jointly build an open economy, Xi urged.

8. Xi's "new normal" theory

The "new normal" theory elaborated by Xi would be one of the hallmarks to be engraved in history by the ongoing meetings of the Asia-Pacific Economic Cooperation in Beijing.

In his speech delivered to more than 1,500 business leaders from the Asia-Pacific region at the CEO Summit on Nov 9 last year Xi, for the first time, sketched out a full picture of Chinese economy's "new normal."

"A new normal of China's economy has emerged with several notable features," the President said.

First, the economy has shifted gear from high speed to a medium-to-high speed growth. Second, the economic structure is constantly improved and upgraded. Third, the economy is increasingly driven by innovation instead of input and investment, he added.