Hu said the positive economic cooperation between the two countries had benefited both nations in the past and would continue to grow. Hu's address also touched on China's economic growth as well as the country's foreign policy.

First of all, President Hu Jintao greeted the French people in the address. Hu said both countries share a long history of civilization and he saw great potential and broad prospects for Sino-French cooperation in the future. In the immediate future, however, Hu put more emphasis on three aspects of Sino-French relations.

President Hu said, "First, it is important to develop China's strategic partnership with France. China and France share common views on major regional and international issues. Both countries have also reached consensus on a wide range of issues. The international situation is complicated. China and France should intensify coordination and cooperation to meet the challenges and contribute to the realization of lasting world peace and common prosperity. Secondly, there are lots of opportunities to boost bilateral economic and trade ties between the largest developing country in the world and a developed country with advanced technologies in various fields. Thirdly, cultural exchanges should play a key role in furthering mutual understanding and friendship between the people of the two countries."

On the Taiwan issue, Hu reiterated China's stance on the Taiwan authorities' moves towards independence under the guise of the upcoming referendum. But he stressed that China feels able to resolve the Taiwan issue peacefully, and in keeping with the principle of one China.

Hu also noted the consolidation of Sino-French relations since the two countries established diplomatic ties 40 years ago, and said that ties had been deepened thanks to the joint efforts of the respective leaders over the years.

(CCTV January 28, 2004)