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Hu urges business community to help tackle financial crisis

(Xinhua)
Updated: 2008-11-22 13:59

Chinese President Hu Jintao on Friday urged  the business community of the Asia-Pacific Economic Cooperation (APEC) to play an important role in tackling the ongoing global financial crisis.

Addressing the APEC Chief Executive Officers (CEO) Summit, Hu said the business community is a major player in promoting world economic development and sound and stable international economic and trade relations.

"It has an important role to play in tackling the global financial crisis and keeping the world economy on an even keel," Hu said.

It is imperative to bring into play the role of enterprises, especially multinational corporations, he added.

While trying to maximize returns through market operations, enterprises should adopt a responsible attitude, pursue mutual benefit and complementarity, bear in mind the need to maintain overall economic stability and avoid risks, said the Chinese president.

Hu arrived in Lima on Wednesday for a state visit to Peru and the APEC Economic Leaders' Informal Meeting scheduled for November 22-23.