Chinese President
Hu Jintao
said in Santiago Friday that China, as a large developing country
with a strong sense of responsibility, is ready to contribute its
share in advancing win-win cooperation for sustainable development.
Delivering a speech at the Asia Pacific Economic Cooperation CEO
Summit which opened in the Chilean capital Friday, the Chinese
president said that a sound and rapidly growing Chinese economy
serves the economic development of the region and that of the world
at large.
With an average annual growth rate of 9.4 percent in the past
20-odd years of reform and opening-up, China has succeeded in
meeting the basic needs for food, clothing and shelter by its
population and providing, on the whole, a moderately comfortable
livelihood for its over one billion people.
China's economy right now is in good shape, though not
problem-free. "Thanks to our macro-economic measures, the
disruptive and unhealthy factors in the economy have been brought
under effective control," said the Chinese president who arrived
here Thursday for a state visit and attending the 12th APEC
Economic Leaders Meeting.
In the first three quarters of this year, China's GDP grew by
9.5 percent its total import and export reached 828.5 billion US
dollars, and the paid-in value of FDI totaled 48.7 billion
dollars.
"We will stick to the scientific concept of development which
puts people first and strives for a balanced and sustainable
development, focus on economic development and keep up reform and
opening up to the outside world," Hu told the Asia-Pacific Rim
business leaders.
"We will continue to improve our market economic structure, step
up economic and industrial restructuring, accelerate scientific and
technological innovation and mobilize still greater material and
intellectual resources from across society to push forward China's
economic development," the Chinese president added.
A more prosperous China is destined to offer more business
opportunities to the rest of the world. China now represents an
export market of over 500 billion dollars a year, and is committed
to continued opening up and more active participation in economic
globalization.
China will take part in international economic and technological
cooperation and competition with still greater depth, in still more
areas, and at still higher levels, Hu noted.
The Chinese president noted that China's WTO accession has
resulted in further improvement in its investment environment.
"We will keep our market open by reducing access restrictions,
improving our laws and regulations on foreign investment and making
more services and trade available to foreign investors," Hu
said.
China will create new ways of attracting foreign investment, and
push for greater reform in government administrative system by
building a predictable and more transparent management system for
sectors open to foreign investment, he added.
"We will protect still more effectively the intellectual
property rights of overseas investors and their enterprises in
China and provide a better environment and more favorable terms
toboth foreign investment in China and China's foreign trade and
economic cooperation with the other countries," said the Chinese
president.
The business communities, as a major proponent and participant
of economic activities in the Asia-Pacific region, are playing a
crucial role in promoting both trade investment liberalization,
economic and technical cooperation and bringing about an all-round
development in the region, Hu noted.
The Chinese president also urged the Asia-Pacific Rim business
leaders to take advantage of their influence to galvanize greater
business involvement in regional economic cooperation, display and
spread entrepreneurship, help build a more equitable society, and
make greater contribution to sustainable development in the region
and the world at large.
The three-day APEC Chief Executive Officers Summit, which opened
Friday, will explore the theme of "Succeeding in a Global World:
New Challenges for Business", along with distinguished panelists,
economists, academics and opinion leaders of the Asia-Pacific
region.
(Xinhua News Agency November 20, 2004)
