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Liu Yunshan (2nd R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with foreign delegates attending "The CPC in Dialogue with the World 2016" conference before the opening ceremony in Chongqing, Southwest China, Oct 14, 2016. [Photo/Xinhua]

CHONGQING -- The Communist Party of China (CPC) and political parties from overseas countries completed a two-day in-depth discussion and exchanges on global economic governance in Chongqing on Saturday, and released the Chongqing Initiative as a result of the "The CPC in Dialogue with the World 2016."

The dialogue, focusing on the propositions and actions of political parties on global economic governance, represents both a positive response to the achievements of the G20 Hangzhou Summit, and an active exploration of global economic governance.

Over 300 delegates from more than 70 political parties and organizations in 50 countries attended the conference.

Sergey Zheleznyak, deputy secretary of the United Russia Party, said he welcomed such a practical dialogue and his party had maintained close relations with the CPC.

The dialogue can help the two ruling parties enhance their governing capacity, he said.

As the ruling party of China, the CPC is responsible for the country's economic development strategies. China's rapid growth over the past decades has reflected the effectiveness of CPC's governance.

Zheleznyak told Xinhua he admired the CPC's strict discipline of its party members. It is of same relevance for China, Russia, and any other party to impose strict codes of conduct, to combat corruption.

Badria Suliman Abbass Hamid, deputy speaker of Sudan, said she hoped the targets all the parties have discussed during the dialogue would become concrete measures.

She also called on China to continue to share its experience with other developing countries to improve developing countries'status and role in global economic governance.

Song Tao, head of the International Department of the CPC Central Committee, addressed the closing ceremony of this year's conference, saying that he hoped all the participating parties could contribute to construction of the dialogue, and make it into a window for the world to learn about China, a platform for different parties' communication and a bridge for exchange and understanding between various cultures.

The Chongqing Initiative of the "CPC in Dialogue with the World 2016" emphasized that political parties and politicians of all countries should bear in mind the interests of their own countries and that of humanity, boost exchanges, forge consensus, promote cooperation and push global economic governance on to a more just and equitable path.

It also urged political parties to encourage structural reforms for economies with innovative ideas on development and governance, to unleash wealth creation, enable the market to optimally allocate resources, and help the global economy move forward from its current difficulties and achieve comprehensive recovery.

The initiative also advocated the concept of green development, promoted the timely and full implementation of the "Paris Agreement," encouraged countries to develop green, low-carbon and circular economies, push for harmony between man and nature, and strive to contribute to global ecological security.

The successful G20 Summit has injected new energy into global economic development. China is committed to increasing effective supply to generate new demands, and to pushing forward the rebalancing of the global economy by providing important public goods via the Belt and Road Initiative and Asian Infrastructure Investment Bank, said the initiative.

The initiative called on the international community to actively implement the 2030 Agenda for Sustainable Development of the United Nations, and support the industrialization of Africa and the least-developed countries.

Developing countries should be encouraged to exchange governance experience, and enhance practical economic cooperation. It is necessary to better reflect the interests of emerging economies and developing countries in world economic development and global economic governance, said the initiative.

During the dialogue, Chinese delegates also held discussions with representatives of African political parties and of political parties from countries along the Mekong River.

On the sidelines of the conference, Sun Zhengcai, a member of the Political Bureau of the CPC Central Committee, and head of the CPC Chongqing Municipal Committee, also held meetings with guests from Thailand, Cambodia, Sudan, France, Britain, New Zealand and Mexico, respectively.