China's booming economy means opportunities for world
(Xinhua)
Updated: 2006-06-02 09:54
By gradually developing itself, China will create more opportunities for
neighboring countries and the whole international community, Chinese Ambassador
to the United Nations Wang Guangya said Thursday.
Addressing the China Investment Forum, Wang said that China will adhere to
its strategy of expanding domestic demand and make efforts to boost industrial
restructuring, infrastructure building, environmental protection and social
development.
"Our market needs more foreign investment, and foreign investors also need a
bigger share of China's market. There is a bright future in China for foreign
investors, " Wang said.
The ambassador also stressed the economic interaction and complementarity of
China and the United States. "The importation of Chinese products has saved U.S.
consumers 600 billion dollars over the past decade and 100 billion dollars in
2004 alone, representing an average 625 dollars saving per household per year,"
he said.
"Our economic relations and bilateral trade are undoubtedly 'shining spots'
of success and pillars sustaining China-U.S. relations," he said.
Wang added that China and the United States have promoted their economic and
trade exchanges with other countries in the Asia-Pacific region, enhanced
economic development and cooperation in the region and contributed to world
economic growth.
While the United States is the locomotive of world economy, the effect of
China's economy on world economy is also becoming increasingly evident, he said.
"China, with a 5 percent share of the world GDP, is making a 10 percent
contribution to world economic growth and 12 percent contribution to global
trade growth, second only to the United States."
Wang reiterated that China will continue to seek peaceful development and
focus on building up the country. "This is the inevitable choice based on our
national conditions and cultural tradition, and it also conforms to the
universal aspiration."
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