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China Is Emerging as a New Growth Engine
for the World
In the
context of deep-going economic globalization,
China and Asia are emerging as an economic
power house for the world. The
expansion of the world economy, on the other hand,
is generating fresh
opportunities of
significance for China and Asia as well. The
further development of mutually beneficial
cooperation and increased
interdependence among various economies, on the
other hand, will undoubtedly
open up
broad vistas for the global economic growth.
Since the implementation of
the reform and opening-up program initiated by Mr.
Deng Xiaoping in
1978,
China
has
undergone
a
profound
transformation
unprecedented
in
history.
Our
overall
national
strength has enhanced markedly and the
people's living standard improved steadily.
Carrying forward the
glory of their
ancient civilization, the l.3 billion Chinese
people are creating a new history as they press
forward in a concerted effort and a
pioneering spirit along the high road of building
socialism with Chinese
characteristics.
China has set a goal for the first 20
years of this century which is to firmly seize the
major strategic
opportunities
to
build
China,
in
an
all-round
way,
into
a
moderately
prosperous
society
of
a
higher
standard, which is of
great benefit to its more than one billion people.
By 2020, China's GDP will have
quadrupled from the figure of 2000,
amounting to approximately 4 trillion US dollars,
with a per-capita
level
of
some
3,000
US
dollars.
This
will
result
in
further
developed
economy,
enhanced
democracy,
advanced science
and education, enriched culture, improved social
harmony and an upgraded texture of
life
for the people.
To
achieve this goal, we will adopt a scientific
approach in the process of guiding the economic
and
social
development.
We
will
stick
to
the
principle
of
putting
the
people
first,
always
keeping
the
fundamental interests of
the broad masses at heart, and endeavoring to
satisfy their growing material and
cultural
needs
so
as
to
achieve
the
comprehensive
development
of
man.
We
will
focus
on
economic
development, making development our
central task or top priority with a view to
achieving a well-rounded
progress
——
economically,
politically and culturally
——
in the
building of a harmonious society. We
will persist in the reform to develop a
socialist market economy, furthering the
innovation of institutional
mechanisms,
deepening the reforms aimed at galvanizing
creative vitality of society and activating from
within the dynamics for economic and
social development. We will adhere to our basic
policy of opening
to the outside world
so as to establish a more open market system,
enabling the country to participate in
international economic and
technological cooperation and competition in
greater scopes and wider fields
and
at
higher
levels.
We
will
follow
a
new
course
of
industrialization
to
transform
China's
economic
structures and to promote changes in
the mode of economic growth by improving quality
and efficiency.
We
will
do
a
good
job
of
developing
a
circular
economy
to
build
a
resource-efficient
and
environment-friendly
society.
By
so
doing
we
will
embark
on
a
path
to
renewed
development
characterized by
higher productivity, improved livelihood and a
sustainable eco-system.
China's development and the development
of Asia and the world as a whole are closely
interrelated.
The
development
of
China
will,
as
always,
generate
cooperation
opportunities
with
win-win
results
for
other
countries in Asia and all over the world. China
will keep opening up its market step by step. We
will
try
to explore new ways
of
attracting foreign capital, improve
the legal framework for encouraging and
protecting foreign investment,
streamline the management of businesses with
foreign elements, and step up
the
protection of intellectual property rights. Great
efforts will be made to create a more favorable
business
climate to facilitate economic
and trade cooperation outwardly and to make things
smooth for the inflow of
foreign
investment.
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