GYEONGJU, South Korea -- President Xi Jinping on Friday put forward a five-point proposal for promoting a universally beneficial and inclusive economic globalization and building an Asia-Pacific community.

Xi made the proposal in his speech (full text) titled "Building an Inclusive Open Asia-Pacific Economy for All" at the first session of the 32nd APEC Economic Leaders' Meeting.

Over the past 30-plus years since its founding, APEC has been spearheading the region's rise to the forefront of global open development, and has made the Asia-Pacific the most dynamic part of the global economy, Xi noted.

Currently, changes unseen in a century are accelerating across the world, and the Asia-Pacific faces growing uncertainties and destabilizing factors in its development, he said, adding that the rougher the seas, the more the APEC members must pull together.

Xi called on APEC members to stay true to APEC's founding mission to promote economic growth and improve people's lives, and champion open development where everyone shares opportunities and emerges a winner. He also urged efforts to promote a universally beneficial and inclusive economic globalization, and build an Asia-Pacific community.