President Hu Jintao said yesterday that China will keep its markets open and seek more balanced trade, while gradually adjusting the value of its currency.

China would seek a better balance in its trade and carry on with "stable and gradual" adjustments in the value of its currency, he told Asia-Pacific business executives on the sidelines of the annualsummit of the Asia-Pacific Economic Cooperation forum held in Yokohama, Japan.

Disagreements over the currency issue hindered efforts by the G20 members to reach agreement on a common strategy to restructure the global economy during the G20 summit that ended in Seoul on Friday.

Hu said like other emerging markets that have helped power the rebound from the world financialcrisis, China faces many challenges and has a long way to go to achieve its own modernization.

The responsibilities required of emerging economies should be "commensurate with their development stage," he said.

"The Asian-Pacific emerging markets are still at the primary stage of development and their abilities and resources are limited," he said. "Asking them to take on responsibility beyond their capabilities ... will do no good."

Still, he pledged that China will "participate in international rule making in a responsible way."

China will stick to its policy of peaceful development while bringing in the resources it needs to expand its economy, which has become the world's second-largest.

"We will continue to bring in investment and professionals from overseas to support our modernization effort," he said. "We will continue to build an open and transparent market environment."

Hu said China also will persist in seeking more balanced, sustainable development both to help ensure a better livelihood for all its citizens and to better cope with the challenges of climate change.

APEC is for the first time championing a collective growth strategy, emphasising balanced and sustainable growth, an elusive goal when the global economy is split between cash-rich exporters and debt-burdened importers.

• yesterday [´jestədi] n.&ad.昨天；前不久 (初中英语单词)
• annual [´ænjuəl] a.每年的 n.年刊 (初中英语单词)
• cooperation [kəu,ɔpə´reiʃən] n.合作；协作 (初中英语单词)
• agreement [ə´gri:mənt] n.同意；一致；协议 (初中英语单词)
• economy [i´kɔnəmi] n.经济；机制；组织 (初中英语单词)
• financial [fi´nænʃəl] a.金融的，财政的 (初中英语单词)
• achieve [ə´tʃi:v] vt.完成；达到；获得 (初中英语单词)
• primary [´praiməri] a.主要的 n.居首位的 (初中英语单词)
• responsibility [ri,spɔnsə´biliti] n.责任(心)；职责；任务 (初中英语单词)
• international [,intə´næʃənəl] a.国际的，世界的 (初中英语单词)
• responsible [ri´spɔnsəbəl] a.尽责的；责任重大的 (初中英语单词)
• peaceful [´pi:sfəl] a.和平的；平静的 (初中英语单词)
• investment [in´vestmənt] n.投资；(时间等)投入 (初中英语单词)
• climate [´klaimit] n.气候；特殊气候地带 (初中英语单词)
• currency [´kʌrənsi] n.通货；通用；货币 (高中英语单词)
• summit [´sʌmit] n.顶(点)；绝顶 (高中英语单词)
• crisis [´kraisis] n.转折点；危机 (高中英语单词)
• expand [ik´spænd] vt.张开；膨胀；扩大 (高中英语单词)
• transparent [træns´peərənt] a.透明的；显而易见的 (高中英语单词)
• persist [pə´sist] vi.坚持；固执；持续 (高中英语单词)
• policy [´pɔlisi] n.政策；权谋；保险单 (英语四级单词)
• livelihood [´laivlihud] n.生活，生计 (英语四级单词)
• strategy [´strætidʒi] n.兵法；战略 (英语六级单词)
• overseas [,əuvə´si:z] ad.(向)海外 a.海外的 (英语六级单词)
• collective [kə´lektiv] a.集体的 n.集体 (英语六级单词)