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President Hu reiterates China's reform, opening-up, commitment to path of peaceful development
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10:28, November 23, 2008

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Chinese President Hu Jintao said Saturday that China will unswervingly carry forward reform and opening-up and reiterated the country's firm commitment to the path of peaceful development.

Addressing the 16th APEC economic leaders' meeting, Hu said that through reform and opening-up in the past three decades, China has accomplished the historic transformation from a highly-centralized planned economy to a robust socialist market economy and from a closed and semi-closed society to one that fully embraces the world.

China has enjoyed sustained and fast economic growth, significant improvement in people's livelihood and marked progress in various social undertakings, Hu added.

"At the same time, we are keenly aware that China remains the largest developing country in the world, and the difficulties and problems we face in the course of development are rarely seen elsewhere in terms of both their scale and complexity."

He noted the Chinese people will unswervingly carry forward reform and opening-up and continue to work hard to promote all-round, coordinated and sustainable economic and social development and achieve the goal of building a moderately prosperous society in all respects.

As economic globalization continues to deepen, China's destiny is more than ever closely tied to that of the world, the Chinese president went on to say.

To achieve development, China needs an international environment of peace, stability, harmony and cooperation, and China will contribute its part to fostering such an environment, he said.

"I wish to reiterate that China is firmly committed to the path of peaceful development, to an opening-up strategy of mutual benefit and win-win progress and to achieving peaceful development through openness and cooperation."

He said China will devote itself to the building of a harmonious world of enduring peace and common prosperity.

Hu arrived here on Wednesday for a state visit to Peru and the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) on Nov. 22-23.

Source: Xinhua

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