China is firmly committed to path of peaceful development: Tang Jiaxuan

14:04, September 24, 2010      

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As a responsible member of the international community, China is firmly committed to the path of peaceful development, an opening up strategy for win-win results and friendly cooperation with all countries on the basis of the five principles of peaceful coexistence, former China's State Councillor Tang Jiaxuan said in Singapore Friday.

Delivering an opening keynote speech at the inaugural Singapore Global Dialogue organized by the S Rajaratnam School for International Studies, Tang said that while pursuing its own development, China has made positive contribution to the lofty cause of world peace and development.

China's development brings huge development opportunities to countries in Asia and beyond, and increasingly it has become a major engine for world economic growth, Tang said, citing that on average china has been importing 687 billion U.S. dollars of goods annually since the beginning of the century, generating more than 14 million jobs in the countries and regions concerned.

In the process of tackling the international financial crisis, China, as one of the first to realize an economic upturn, has made an additional contribution of 50 billion U.S. dollars to the IMF replenishment plan, worked for the establishment of a 120-billion- U.S. dollar Asia Foreign exchange reserve pool and signed international currency swap agreements worth 650 billion yuan ( about 97 billion U.S. dollars), Tang said.

Thus, China has played a major role in facilitating the stabilization and recovery of the world economy, he said.

China, a country with a population of 1.3 billion, has focused its efforts on managing its own affairs well, sustained growth and maintained stability, said Tang, stressing that this is important for both the region and the world at large.

Source: Xinhua


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