What changes will be brought to the world if the creativity of the 1.3 billion people is wholly unleashed?
Ancient Chinese left an indelible mark on world history as they invented the compass, paper-making technology and gunpowder, and the civilization's silk and porcelain were of superb quality. Now the "Made in China 2025" plan has suggested a roadmap to transform China from a processing mill to an inventor and designer.
Recently, China's CNR Corp. Ltd won a contract to supply subway cars to Boston's Red and Orange Lines. Chinese smartphone maker Huawei and leading home appliance maker Haier have sold their products all over the world.
CHINA'S RISE BENEFITS WORLD
Recent years witnessed a rise in overseas mergers and acquisitions by Chinese companies.
In March, China National Chemical Corporation (ChemChina) signed an agreement with Camfin, the holding company that controls Italian tiremaker Pirelli, that paves the way for ChemChina's takeover of Pirelli.
Last year, Dongfeng Motor Corporation became a major shareholder in French carmaker PSA Peugeot Citroen.
Chinese businessmen have brought jobs to the world. In the city center of Dakar, Senegal, there is a cluster of more than 300 Chinese shops selling miscellaneous goods. They hire locals, many of whom later start their own businesses after acquiring business skills.
As Chinese are getting richer, they increasingly dream of traveling the world. Last year, Chinese tourists made over 100 million overseas visits, spending more than one trillion yuan (161.2 billion U.S. dollars) in other countries and regions.
China is opening wider. In five years, the value of goods imported to the country will surpass 10 trillion U.S. dollars and overseas investment 500 billion U.S. dollars, while Chinese tourists will make at least 500 million trips overseas, according to Xi.
"China has repeatedly stated that while it is racing ahead, other nations are welcome to hitch-hike, and China's own development has created opportunities for other countries," said Zheng Yongnian, director of the East Asian Institute at the National University of Singapore.
