【正确答案】Honourable chairperson, ladies, gentlemen, and friends,
Today, I am very happy to meet with leaders of the business circles here again to exchange views with all of you on how to deal with the international financial crisis and on China's development issues.
The year 2008 has been an extraordinary year for China. The Chinese people successfully resisted and fought back a snow disaster in extreme cold and the devastating earthquake in Wenchuan, Sichuan and successfully hosted the Beijing Olympic Games and Paralympics. I would like to take this opportunity to express sincere thanks on behalf of the Chinese government and people to friends in the business circles in various countries and regions for their support and assistance given to us in combating the catastrophic natural disasters and hosting the Beijing Olympics and Paralympics!
Ladies, gentlemen, and friends!
Currently, the international financial crisis is spreading from local areas to the whole world, from developed countries to emerging markets and countries, from the financial field to the field of the real economy, and it has had a severe impact on the economic development and the people's livelihood in various countries around the world. The situation is very grim. Effectively dealing with the international financial crisis, safeguarding international financial stability, and promoting world economic development bears on the prospects for global development and touches on the immediate interests of various countries. Recently, the G-20 Summit on Financial Markets and the World Economy took place in Washington DC, and the meeting reached a broad consensus on how the international community should deal with the international financial crisis, promote world economic development, and reform the international financial system. At the crucial moment, various countries in the world should enhance confidence, step up coordination and close cooperation, and quickly adopt effective measures, including all necessary financial and monetary means, to contain the expansion and spread of the financial crisis, stabilize international financial markets as soon as possible, alleviate the damage from the financial crisis on the real economy as much as possible, promote world economic growth, and safeguard the common interests of people in various countries around the world.
China welcomes positive measures taken by relevant countries to deal with this financial crisis and hopes to see results soon. China has made major efforts within its ability to deal with the international financial crisis and adopted a series of measures including measures to ensure stability in the banking system in China, provide necessary liquidity support to financial markets and financial institutes, and coordinate and cooperate closely with macroeconomic policies employed by other countries. China will take a responsible attitude and continue to work with the international community to step up cooperation and strive to safeguard stability in international financial markets.
The international community should conscientiously sum up the lessons of the financial crisis . It should conduct necessary reform on the international financial system and create a system environment conducive to healthy global economic development on the basis of full consultation among all parties concerned, by grasping the direction for building a new international financial order which is fair, just, inclusive, and orderly, and by upholding the principle of being comprehensive, balanced, and progressive and striving for substantial results. It should step up cooperation on international financial oversight and enhance early warning and supervisory ability; it should enhance the global responsibility of international financial institutes for guarding against financial risks and raise the representativeness and the right to be heard of developing countries in international financial institutes; it should encourage regional financial cooperation and enhance regional ability to give mutual liquidity aid; it should steadily push for diversification of the international monetary system and improve the effectiveness of the existing international monetary system; and, all types of financial institutes and intermediate institutes should step up risk management and raise transparency.
China will continue to promote the construction of a world economic system that promotes sustainable development, an international financial system which is inclusive and orderly, an international trade system that is unbiased and reasonable, and a fair and effective global development system. China will continue to take into account the proper concerns of partners and especially developing countries in cooperation as China brings about its development, support the international community in helping developing countries enhance their own development ability and improve their livelihood, support pushing for liberalization and convenience in trade and investment, support various countries in jointly safeguard the security of the world economy, and promote common development and prosperity of various countries.
Ladies, gentlemen, and friends!
At the moment, people pay great attention to the prospects for China's development, and friends in business circles are particularly concerned about China's economic and social trends under the new situations. Here, I would like to make a brief introduction on China's future development.
This year marks the 30th anniversary of China's reform and opening up. Reform and opening up over the past 30 years has brought China enormous unprecedented achievements in economic and social development and significantly raised China's economic strength, comprehensive national power, and the people's standard of living. Meanwhile, we also clearly understand that China is still the largest developing country in the world, and there is still a long way to go before China realizes modernization. On the road ahead, China will uphold and carry forward the scientific development concept that is people-centred and promotes all-round, coordinated, and sustainable development, unswervingly pursue reform, continue to improve the socialist market economic system, and apply efforts to build systems and mechanisms that are dynamic, efficient, more open, and conducive to scientific development. China will continue to follow a new path of industrialization with Chinese characteristics and expend efforts to change the modes of economic growth. China will promote the shift in economic growth from mainly relying on investment and exports to relying on consumption, investment, and exports and from mainly relying on higher consumption of resources to mainly relying on scientific and technological progress, improvement in the quality of the workforce, and management innovation, and will strive to build a modem industrial system. China will adhere to making overall plans for urban and rural development, regional development, and economic and social development, promote the forming of an integrated new setup for economic and social development in cities and villages, and advance coordinated regional development. China will uphold the basic national policy of conserving resources and protecting the environment, advocate green production means and life styles, and raise the efficiency of resource utilization. China will control the emissions of pollutants, strive to form a national economic system of intensive and clean development, and bring about a benign cycle in the natural ecological system and social and economic systems. China will expedite advancing social construction focusing on improving the people's livelihood, expand efforts to resolve issues that touch on the immediate interests of the masses in areas such as education, employment, income distribution, social security, poverty relief, medical and health care, and production safety, and have all people share the results of reform and opening up. China will uphold the basic national policy of reform and opening up, raise the level of opening the economy, broaden the field of opening up, and take part in international economic cooperation with a more positive attitude.
Since this year, China has actively coped with complicated changes in the international economic environment and the severe challenges of major natural disasters and strengthened macroscopic regulation and control in a timely manner. China's economy has maintained relatively rapid growth, the financial sector has operated steadily, and the fundamentals of the Chinese economy have not changed. Between January and September of this year, China' s gross domestic product grew 9.9 per cent and the three major demands of investment, consumption, and export all grew by more than 20 per cent. However, since September, with the expansion and spreading of the financial crisis, difficulties confronting China's economic development have become more and more evident, and they are mainly manifested in the fact that the growth rate of China's exports has begun to decline and industrial production and corporate profits have been adversely affected to varying degrees. In view of this situation, in order to boost economic development, the Chinese government has strengthened macroeconomic regulation and control in a timely manner, decided to follow a proactive fiscal policy and a moderately relaxed monetary policy, and adopted measures to lower the required bank reserve ratio, cut the deposit and lending rates, and eased corporate tax burdens. Recently, the Chinese government has introduced even more effective measures to expand domestic demand and decided to invest an additional 100 billion yuan this year to expedite projects related to the people's livelihood, infrastructure, eco-environmental construction, and post-disaster reconstruction. This is expected to generate a total of 400 billion yuan of investment nationwide. Between the fourth quarter of this year and the end of 2010, investment in these projects alone will reach nearly 4 trillion yuan. Implementation of these measures will certainly give a strong impetus to China's economic development. The steady and relatively rapid development in China's economy itself is an important contribution to safeguarding international financial stability and promoting world economic development.
Ladies, gentlemen, and friends!
As one of the regions in the world with the most vitality and potential, the Asian-Pacific region has become an important force for driving world economic development and is having a bigger role and influence in the world economic setup. At the same time, issues like the grim world economic situation, prominent problems in energy security and food security, the gaining ground of trade protectionism, and the deterioration of the ecological environment threaten the healthy and stable economic development of the Asian-Pacific region. There is distinctive diversity among APEC members and there is high dependency and strong complementary among APEC members, and this has provided favourable conditions for us to intensify regional cooperation and jointly deal with challenges. APEC members have long devoted themselves to bringing about the Bogor Goal and promoting economic and technical cooperation, accumulated rich experiences in cooperation, and laid down a good foundation for us to strengthen policy coordination and forge pragmatic cooperation. We should work together hand in hand and jointly push the economy of the Asian-Pacific region to move forward.
The business circles are the main force of the world in the economic field and are an important force to advance healthy and stable development of international economic and trade relations. In dealing with the international financial crisis and promoting healthy and stable development of the world economy, business circles can play an important role. Practice in world economic development tells us that it is extremely important to give good play to the role of various types of enterprises and specially transnational enterprises in safeguarding stability in international financial markets and promoting healthy and stable development of the world economy. Enterprises are to pursue economic results, and this is the inevitable requirement of the existence and development of enterprises. But at the same time, to exist and operate in society, enterprises must also consider the social results and social impact of their behaviour and must especially consider the impact of their behaviour on economic security and operations and the people's lives. If everyone jointly creates and safeguards a good development environment, it will be beneficial to every enterprise in the end. Under the conditions of in-depth development of economic globalization, enterprises should establish the concept of global responsibility, include social responsibility in their management strategy on their own, abide by the laws in the country where the enterprises operate and international common business practices, improve their management models, and pursue unity of economic results and social results. As enterprises seek economic results through market operations, they should take a responsible attitude, pay attention to mutual benefits and mutual complementation, give full consideration to overall stable economic operations, and conscientiously deal with various risks and hidden worries. Various governments should step up guidance and supervision and create a good environment for enterprises to fulfil their social responsibility through drawing up and improving laws.
Ladies, gentlemen, and friends!
Let us join hands and jointly make unremitting efforts to promote sustainable development of the Asian- Pacific region and push to build a big Asian-Pacific family of lasting peace and common prosperity.
Thank you.