BEIJING: Chinese President Xi Jinping has called for promoting an open and integrated economy, enhance connectivity to achieve interconnected development and promoting win-win cooperation to forge strong partnership.

While delivering a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Lima, Peru's capital, he said "For any regional trade arrangement to gain broad support, it must be open, inclusive and beneficial to all," he said, adding that "closed and exclusive arrangement is not the right choice."

The president said that the APEC members must energize trade and investment to drive growth, make free trade arrangements more open and inclusive, and uphold the multilateral trading regime.

Acknowledging that economic globalization is a "double-edged sword" with skepticism these days, the leader of the world's second largest economy said he nonetheless believes that economic globalization is in keeping with the law of economics and delivers benefits to all.

"We need to actively guide globalization, promote equity and justice, and make globalization more resilient, inclusive and sustainable, so that people will get a fair share of its benefits and will see that they have a stake in it," he said.

The president also called for implementing the consensus and outcomes of the 2014 APEC Economic Leaders' Meeting in Beijing and this year's G20 summit held in September in eastern Chinese city of Hangzhou.