China Vice Premier Sees `Unstoppable Momentum' of Globalization

  • Vice premier speaks at Boao Forum for Asia in Hainan, China
  • Zhang Gaoli serves on the Communist Party’s standing committee

Ships sail through Victoria Harbor at sunset near the the Kwai Tsing Container Terminals, right, in Hong Kong, China.

Photographer: SeongJoon Cho/Bloomberg
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Chinese Vice Premier Zhang Gaoli told a gathering of Asian leaders that the world must commit to multilateral free trade under the World Trade Organization and needs to reform global economic governance.

Negotiations on the 16-nation Regional Comprehensive Economic Partnership, an Asia-wide agreement that’s favored by China, should be concluded soon and regional cooperation such as with the Association of South East Asian Nations should be advanced, Zhang said Saturday in a speech at the Boao Forum for Asia, an annual conference on the southern Chinese island of Hainan.