2. Deepening cultural exchanges to promote harmonious co-existence. The ASEM Declaration on Dialogue among Cultures and Civilizations adopted at the Fifth ASEM Summit is of guiding importance in promoting intercultural and interfaith dialogues. We ASEM members should respect the diversity in our cultural traditions, values and development models, conduct candid exchanges on an equal footing and make joint progress by drawing upon each other's strengths and expanding common understanding while setting aside differences. We should also expand educational and cultural interactions to build an Asia-Europe partnership of peace, amity and harmony. China calls on ASEM to give more support to the Asia-Europe Foundation so as to help it play a greater role in promoting cultural and people-to-people exchanges between Asia and Europe.

3. Intensifying financial cooperation to promote balanced economic development. Financial security is crucial for ensuring steady economic development in Asia and Europe. ASEM members should strengthen fiscal and financial policy coordination, promote the reform and improvement of the international financial system and give developing countries greater say in the system. We should work for the reform of the international monetary system, enhance regional monetary cooperation and improve the capacity to ward off risks. We should also work to steadily improve the investment environment and encourage two-way investment. High priority should be given to boosting cooperation in human resources development and capacity building in the financial sector, especially financial capacity building for developing countries. China supports exploring the possibility of setting up a new financing mechanism for cooperation on the basis of the Asia-Europe Trust Fund to provide funding for future financial dialogue and capacity building.

4. Expanding dialogue and cooperation to ensure energy security. Energy security has become an increasingly pressing issue directly affecting global economic stability and prosperity. ASEM members should, through enhanced dialogue and cooperation, work to improve the global energy market mechanism, develop traditional energies in a rational way and vigorously develop renewable energies to ensure globalized and diversified energy supply and maintain stability in the global energy market. We should boost the research, development and application of advanced energy technologies to enhance energy conservation and energy efficiency. A proper technology transfer system should be set up to help developing countries use energy more efficiently. Moreover, we should ensure a sound political environment for energy security and stability. Geopolitical disputes should not stand in the way of global energy supply and energy issues should not be politicized. China calls on ASEM to conduct more dialogue on energy security.

5. Supporting the multilateral trading system to achieve common development. Maintaining order in global trade is in the interest of both Asia and Europe. A healthy and stable multilateral trading system is critical to ensuring economic prosperity of all countries, developing countries in particular. The suspension of the Doha Round is in no one's interests. Countries concerned should reflect upon their respective negotiation positions. Major developed members are urged to show their political will and demonstrate greater flexibility in cutting agricultural subsidies and tariffs in order to create conditions for the resumption of the negotiations. Asian and the European economies enjoy respective strengths and complement each other. We should deepen policy dialogue and coordination, further open market to each other, share experience of regional integration and expand intra-regional and inter-regional economic cooperation. China calls on all ASEM members to fight protectionism, properly handle trade disputes, refrain from politicizing trade issues, improve trade and investment environment, enhance economic cooperation and realize common development.