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Dear Richard D. Parsons, distinguished guests, ladies and gentlemen,
Good evening! I am very delighted to be with you here to join in the
opening ceremony of the 2005 FORTUNE Global Forum in Beijing on this beautifu l
evening. To begin with, I"d like to, on behalf of the Chinese government, and
also in my personal name, to express my sincere welcome to all of you, and
congratulations to the forum sponsor, Time Warner Inc.! The forum, themed "China
and the New Asian Century", show the great concern over the prospects of
development of China and Asia, and the roles of China nad Asia in the global
economy. It also indicates that with surging economic globalization, China and
Asia are quickly becoming a new growth engine for the world while the global
boom is also generating more important opportunities for China and Asia.
Continued mutually-beneficial economic cooperation and rising interdependence
among the world"s countries will usher in an even better future for global
economy in development. Ladies and Gentlemen,
China is an ancient civilization with a history dating back over 5,000
years. The Chinese people have made a major contribution to human progress by
creating the splendid Chinese civilization with hard work and ingenuity. The
city of Beijing, with its long history of over 3,000 years, stands testimony to
that effort. It became the nation"s capital over 800 years ago. A short distance
from the Great Hall of the People, where we are in right now, is the
world-renowned Forbidden City. First built some 600 years ago, the former
Imperial Palace is the largest and most complete existing ensemble of ancient
royal architecture in the world. From Beijing"s time-honored past and the
majestic Forbidden City itself, people can learn vividly the originality,
greatness and profound richness of the Chinese civilization and feel for
themselves the vigor, resilience and pioneering spirit of the Chinese nation.
Beginning in the mid-19th century, China was reduced to dire misery as the
country suffered one humiliating defeat after another and the people languished
in poverty and starvation as a result of brutal foreign aggressions and corrupt
and incompetent feudal rulers. Refusing to submit to a fate of agony and woe,
the Chinese people fought back persistently and finally built up a New China
under the leadership of the Chinese Communist Party. Since 1949, when the New
China was proclaimed, and particularly since the implementation of reform and
opening-up program pioneered by Mr. Deng Xiaoping in 1978, China has undergone a
profound transformation never seen in the country before. In a short span of 26
years from 1978 to 2004, China"s GDP increased from 147.3 billion US dollars to
1.6494 trillion US dollars with an average annual growth rate of 9.4 percent.
Its foreign trade rose from 20. 6 billion US dollars to 1.1548 trillion US
dollars, averaging an annual growth rate of over 16 percent. China"s foreign
exchange reserve increased from 167 million US dollars to 609.9 billion US
dollars. The number of rural poor has dwindled from some 250 million to 26
million. The overall national strength of China has increased remarkably and the
texture of life of its people improved steadily. While inheriting and carrying
forward their proud past, the 1.3 billion Chinese people are writing a new
chapter in history as they march of one mind on the road of building socialism
with Chinese characteristics.
We in China have identified the goal for the first 20 years of this
century. That is to firmly seize the important window of strategic opportunities
to build a moderately prosperous society of a higher standard in an all-round
way for the benefits of our over one billion people. By 2020, we will quadruple
China"s GDP of 2000 to approximately 4 trillion US dollars with a per capita
level of some 3,000 US dollars, and further develop the economy, improve
democracy, advance science and education, enrich culture, foster greater social
harmony and upgrade the texture of life for the people. We are deeply aware that
China, for a considerably long period of time to come, will remain a developing
country. The population figure of 1.3 billion alone will make the fulfillment of
the above goal a formidable challenge, and we must be prepared for a long and
uphill journey ahead. To realize this goal, we must uphold the scientific
approach inachieving economic and social development of the country. We must put
the people first, making the fundamental interests of the broadest masses of
people our point of departure and endeavoring to satisfy their growing material
and cultural needs to pursue the comprehensive development of man. We must focus
on economic development as our central task, making development our top priority
and facilitating and all-round progress in economic, political and cultural
aspects and in the building of a harmonious society. We must stick to the
direction of reform for a socialist market economy, step up institutional
innovation, deepen reforms aimed at galvanizing creative vitality of society and
increase the inherent dynamics for economic and social development. We must
adhere to our basic policy of opening to the outside world, building a more open
market place and allowing the country to participate more broadly in
international economic and technological cooperation and competition with still
wider and higher dimensions. We must follow a new course of industrialization,
endeavor to overhaul the economic structure, quickly transform the ways of
economic growth by improving its quality and efficiency, vigorously develop the
circular economy and build a resource-effective and environment-friendly
society, thus blazing a trail of development characterized by higher
productivity, comfortable life for the people and a sustainable eco-system. We
believe, as long as we firmly follow the path of development that is consistent
with China"s national conditions, we will be able to realize our goal and play a
greater and more constructive role in the promotion of world peace and common
development.
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