Hu Jintao Delivered A Speech At APEC Summit: &Nbsp; &Nbsp; Expounded Four Key Points In China'S Development.

The president of the People's Republic of China

Hu Jintao said, "China will unswervingly follow the path of peaceful development, and firmly combine its own development with the common prosperity of all countries, and strive to promote common development.

We will focus our efforts on the following aspects.

First, continue to adhere to open development.

Adhering to the basic state policy of opening to the outside world, pursuing the win-win strategy of opening up and developing an open economy are a successful experience for the sustained and rapid development of China's economy.

China will continue to adhere to open development, expand the breadth and depth of opening wider to the outside world, deepen coastal opening, speed up the opening up of the mainland, enhance the opening of the border areas, open up reform, open up and promote development, and open up the people's livelihood.

China will provide necessary funds, advanced technology, valuable management experience and excellent human resources for modernization through continuous investment and attracting talents.

China will continue to work hard to create an open and pparent legal environment, a fair competitive market environment and a stable and orderly business environment, so as to create favorable conditions for all parties to invest.

Two, continue to adhere to common development.

China is committed to promoting world development with its own development while seeking better development in the development of the world.

China will take an active part in international cooperation to tackle global challenges and work hard for world economic growth.

China will increase investment and continue to provide help to other developing countries through the framework of South South cooperation to help them achieve the UN Millennium Development Goals and enhance their capability of independent development.

China will take part in the formulation of international rules in a responsible manner, and promote the formation of a more rational industrial division structure, a more balanced financial and trade structure, a more scientific resource allocation structure, a more equitable sharing structure of interests, and a sustained and coordinated development of the world economy.

Three, continue to adhere to the development of internal and external balance.

China will accelerate the pformation of the mode of economic development and economic restructuring, and strive to build a long-term mechanism to expand domestic demand, especially consumer demand.

China will further tap the potential of the domestic market by promoting the sustainable growth of residents' incomes and consumption, accelerating the construction of new countryside and implementing the general strategy of regional development, so as to cultivate new driving force for domestic demand growth.

China will insist on promoting the balance of international payments as an important task for maintaining macroeconomic stability and making overall use of two domestic and international markets and two kinds of resources.

China will continue to steadily push forward the reform of the RMB exchange rate formation mechanism in accordance with the principles of initiative, controllability and gradualism.

Four, continue to adhere to sustainable development.

China will persist in implementing the basic state policy of conserving resources and protecting the environment. We should improve laws and standards, strengthen natural resources conservation and management, and promote the formation of industrial structure, growth mode and consumption pattern of energy conservation and protection of the ecological environment.

Through economic restructuring, China will vigorously develop circular economy and green economy and achieve coordinated development of economy and ecology.

China will comprehensively enhance its ability to cope with climate change through technological innovation, development of low-carbon technologies, new energy and renewable energy technologies.

China will adhere to the principle of common but differentiated responsibilities and cooperate with the international community in coping with climate change.

Hu Jintao said, "China and the world have formed interests in the process of economic globalization.

The greater the development of China, the greater the opportunities and contributions to the world. "