Statement by H.E. Mr. Wang Yi,Minister of Foreign Affairs of the People's Republic of China,At the General Debate of the 68th Session of The United Nations General Assembly
New York, 27 September 2013
China will remain committed to reform, opening up and sustainable development. It has been five years since the outbreak of the international financial crisis. Global economy is back on track to recovery, but the foundation of the recovery is not solid and the speed is still slow. The root causes of the financial crisis are yet to be removed, and the structural problems of developed countries remain unresolved. The adjustment of unconventional monetary policies from the outside, coupled with other factors, have posed new challenges and the risk of financial market volatility to emerging market countries. Where the Chinese economy is heading is closely followed in both China and the world. Here, I wish to tell you that both the fundamentals and overall performance of China's economy are sound, and China's development prospects are bright. The leading indicators of the Chinese economy are generally good, and China leads the major economies in terms of growth rate.
In pursuit of progress while maintaining stability, the Chinese government has taken a macro-economic policy that addresses both immediate and long-term needs and adopted a series of innovative policy measures with a view to ensuring steady growth, adjusting economic structure and promoting reform. We are vigorously advancing reform and opening up, deepening economic structural adjustment, and accelerating the shift of growth model. We are implementing the basic state policy of resource conservation and environment protection and promoting green, circular and low-carbon development to build a sound ecology and a beautiful China.
As China grows in economic output and changes its growth model, its economy has entered a phase of high-to-medium growth rate. This is dictated by the law of economics, and it will ensure sustained and healthy growth of the Chinese economy. The Chinese economy is being upgraded, and its future growth will deliver four major dividends, namely, dividends released by industrialization, IT application, a new type of urbanization and agricultural modernization, by reform and innovation, by structural readjustment, and by further opening-up. It is projected that in the coming five years, China's imports of commodities will exceed US$10 trillion, its overseas investment will reach US$500 billion, and Chinese tourists will make over 400 million outbound visits. This will give stronger impetus to the world economy and bring more tangible benefits to other countries.