overy by opting for appropriate macro-economic policies and measures suited to their own conditions. scientific progress and technological innovation are of vital importance to sustained economic development. to facilitate apec cooperation in this field，chinahas proposed the initiative of innovative apec in the hope that certain guiding principles could be formulated for the region's scientific and technological innovation. as a kick-off project， we plan to hold a high-level workshop in february 2004 inbeijingto discuss the issue of science and technology intermediary. all members are welcome to send their representatives when the workshop meets. while pushing for economic growth， we should work hard to promote a coordinated development of the economy and society， and of cities and rural areas， and a harmonious coexistence between man and nature so as to rest development on a more solid basis. we propose that apec reinforce its operations in the field of social development， and in particular， in promoting apec exchanges in public health， job creation and social security. to promote such cooperation，chinaplans to sponsor some functions next year on labor and social security.
third， we should step up mutual opening of markets and improve the multilateral trading system. the world's multilateral trading system is currently facing new challenges mainly in the form of rising protectionism， new trade barriers and frequent trade frictions. this has worsened the difficultie
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