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          Business / Economy

          China-backed investment bank welcomes all countries: Xi

          (Xinhua/chinadaily.com.cn) Updated: 2015-03-28 10:26

          China-backed investment bank welcomes all countries: Xi

          Chinese President Xi Jinping addresses the opening ceremony of the Boao Forum for Asia on March 28, 2015. [Photo/Xinhua]

          2015 'an important year, historic juncture'

          Xi said that 2015 is an important year to be commemorated and a historic juncture to reflect on the past and look to the future.

          "This year marks the 70th anniversary of the end of the World Anti-Fascist War, the victory of the Chinese People's War of Resistance Against Japanese Aggression and the founding of the United Nations. This year is also the 60th anniversary of the Bandung Conference and will witness the completion of the ASEAN Community," he said.

          "As such, it is an important year to be commemorated as well as a historic juncture to reflect on the past and look to the future, " the president said when addressing opening ceremony of the 2015 annual conference of the Boao Forum for Asia (BFA) in the coastal town of China's southernmost island province of Hainan.

          Under the theme of "Asia's New Future: Toward a Community of Common Destiny", the four-day event will witness more than 70 formal discussions on topics of macroeconomy, industrial transformation, regional development, technological innovation, politics and regional security.

          Leaders from 15 other countries as well as nearly 2,800 officials, businessmen and media staffers attend the forum.

          A non-governmental and non-profit international organization founded in 2001, the BFA works to promote regional economic integration and bring Asian countries closer to their development goals.

          New security concepts should be nurtured in Asia

          Chinese President Xi Jinping on Saturday said that the Cold War mentality should be discarded and new security concepts be nurtured as Asia explores a path to ensure security.

          "To build a community of common destiny, we need to pursue common, comprehensive, cooperative and sustainable security," the president said at the opening ceremony of the 2015 annual conference of the Boao Forum for Asia in the coastal town of China's southernmost island province of Hainan.

          China continues to promote win-win cooperation

          China will work to promote a new type of international relations of win-win cooperation and will always remain a staunch force for world peace and common development, Chinese President Xi Jinping said on Saturday.

          Xi made the remarks while delivering a keynote speech at the opening plenary of the annual conference of the 2015 Boao Forum for Asia in Boao, south China's Hainan Province.

          The theme of the forum this year is "Asia's New Future: Towards a Community of Common Destiny".

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