China's development and China-Europe cooperation have become sources of positive energy for the world, Chinese State Councilor Yang Jiechi has said.
In a speech delivered Thursday at the French Institute of International Relations, Yang talked about the Chinese economy, its diplomacy and China-Europe relations.
Yang was co-chairing this year's China-France strategic dialogue with Jacques Audibert, diplomatic advisor to the French president. He also met French President Francois Hollande and Foreign Minister Jean-Marc Ayrault on Wednesday.
CHINESE ECONOMY
The Chinese economy, as an anchor and a source of growth for the world economy, will continue to inject positive energy to the global economic growth, Yang said.
China has made enormous contributions to the world economy, said Yang.
China's gross domestic product grew by 6.9 percent last year, much lower than previous years. But the growth still places the Chinese economy at the forefront of major economies and represents the biggest increment in the world, equivalent to the GDP of a middle-income country, Yang said.
According to the International Monetary Fund (IMF), China will be contributing 30 percent to global economic growth up to 2020, he said, adding that China also is a major contributor to global consumption and investment.
"In the next five years, China will import goods worth over 10 trillion U.S. dollars and make outbound investment of over 600 billion dollars," Yang said.
The world will also benefit from the good progress in China's deepening reform, Yang said.
"China is steadily advancing its own structural reform in a bid to lead by example in the broader structural reform of the world economy," he said.
Such reform has proved effective as consumption has overtaken investment as the key driver of the Chinese economy while the share of the services sector in the GDP has exceeded 50 percent, he said.
He pledged that China will further open up.
"When it comes to opening-up, China will not shut its door again or backtrack," Yang said.
He said China is striving for new progress in its all-round opening-up endeavor and will widen market access and work on institutional improvement.
"While a growing China has benefited from the world, it will ensure that its own development benefits the world as well. Benefits of development and opportunities for cooperation are what China has to offer to the world," he said.
