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SINGAPORE, Nov. 7-- Chinese Vice President Wang Qishan advocated reform, innovation and common development at the New Economy Forum, which gathered about 400 prominent political and business leaders here on Tuesday. In his speech at the opening ceremony of the forum, Wang said that global politics and economy are now undergoing the most profound changes after the end of the Cold War. The world now faces such challenges as maintaining a stable development of the world economy, demographic changes, climate change, development imbalance, lag in global governance mechanisms, and rise of the thought of populism and unilateralism. "Opportunities arise in the challenges," said Wang, stressing that the key to cope with the challenges should be following the trend, grasping the general direction, and maintaining concentration. "We should persist in advancing human peace and development, respecting the development paths that were chosen by peoples based on their independent choices, resolving various differences through consultation," said Wang. He said that China will make its own efforts to let development progress truly benefit its people, through reform and opening up, deepening innovation and changing development modes. Wang also called on people to understand China's history, saying that the Chinese civilization, which witnessed pains and glory, determined that China can only take a development path with its own characteristics. | 
