Third, we should boost cooperation as an effective vehicle for enhancing common development. As we often say in China, a single flower does not make spring, while one hundred flowers in full blossom bring spring to the garden. All countries in the world are closely linked and share converging interests. They should both pool and share their strengths. While pursuing its own interests, a country should accommodate the legitimate concerns of others. In pursuing their own development, countries should promote the common development of all and expand common interests among them. We should enhance South-South cooperation and North-South dialogue, promote balanced development of the developing and developed countries and consolidate the foundation for sustaining stable growth of the global economy. We need to work vigorously to create more cooperation opportunities, upgrade cooperation, and deliver more development dividends to our people and contribute more to global growth.

Fourth, we should remain open and inclusive so as to create broad space for enhancing common development. The ocean is vast because it admits hundreds of rivers. We should respect the right of a country to independently choose its social system and development path, remove distrust and misgivings and turn the diversity of our world and difference among countries into dynamism and driving force for development. We should keep an open mind, draw upon development practices of other continents, share development resources and promote regional cooperation. During the first decade and more of the new century, trade within Asia has increased from 800 billion U.S. dollars to 3 trillion U.S. dollars, and its trade with other regions has grown from 1.5 trillion U.S. dollars to 4.8 trillion U.S. dollars. This shows that cooperation in Asia is open and it goes hand in hand with Asia's cooperation with other regions, and everyone has benefited from such cooperation. Asia should welcome non-Asian countries to play a constructive role in ensuring stability and development of the region. Likewise, the non-Asian countries should respect Asia's diversity and its long-standing tradition of cooperation. This will create a dynamic environment in which Asia and other regions enjoy mutually reinforcing progress.

Ladies and Gentlemen,

Dear Friends,

China is an important member of the Asian family and the global family. China cannot develop itself in isolation from the rest of Asia and the world. On their part, the rest of Asia and the world cannot enjoy prosperity and stability without China.

In November last year, the Communist Party of China held its 18th National Congress, which drew the blueprint for China's development in the years to come. The main goals we set for China are as follows: By 2020, China's GDP and per capita incomes for urban and rural residents will double the 2010 figures, and the building of a moderately prosperous society in all respects will be completed. By the mid-21st century, China will be turned into a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious; and the Chinese dream, namely, the great renewal of the Chinese nation, will be realized. Looking ahead, we are full of confidence in China's future.

On the other hand, we are aware that China remains the world's largest developing country, and it faces many difficulties and challenges on its road to progress. We need to make relentless efforts in the years ahead to deliver a better life to all our people. We are unwaveringly committed to reform and opening up, and we will concentrate on the major task of shifting the growth model, focus on running our own affairs well and make continued efforts to boost the socialist modernization drive.

As a Chinese saying goes, neighbors wish each other well, just as loved ones do to each other. China will continue to promote friendship and partnership with its neighbors, consolidate friendly ties and deepen mutually beneficial cooperation with them and ensure that its development will bring even greater benefits to its neighbors.

China will vigorously promote development and prosperity in both Asia and the world. Since the beginning of the new century, China's trade with its neighbors has grown from 100 billion U.S. dollars and more to 1.3 trillion U.S. dollars. China has become the largest trading partner, the biggest export market and a major source of investment of many of these countries. China's interests have never been so closely connected with those of the rest of Asia and the world in both scope and depth. Going forward, China will maintain robust growth momentum. Its domestic demand, particularly consumption-driven demand, will continue to grow, and its outbound investment will increase substantially. It is projected that in the coming five years, China's import will reach some 10 trillion U.S. dollars, its outbound investment will reach 500 billion U.S. dollars and the number of its outbound tourists may well exceed 400 million. The more China grows itself, the more development opportunities it will create for the rest of Asia and the world.

We are firm in our resolve to uphold peace and stability in Asia and the world. Knowing too well the agonizing sufferings inflicted by war and turbulence, the Chinese people deeply cherish peace. China will continue to develop itself by securing a peaceful international environment and, at the same time, uphold and promote world peace through its own development. China will continue to properly handle differences and frictions with relevant countries. On the basis of firmly upholding its sovereignty, security and territorial integrity, China will maintain good relations with its neighbors and overall peace and stability in our region. China will continue to play a constructive role in addressing regional and global hotspot issues, encourage dialogue and talks for peace, and work tirelessly to solve the relevant issues properly through dialogue and negotiations.

We will energetically promote regional cooperation in Asia and around the world. China will increase connectivity with its neighbors, actively explore the building of a regional financing platform, advance economic integration within the region and thus increase its competitiveness. China will take an active part in Asia's regional cooperation process and promote regional and sub-regional cooperation with non-Asian regions and countries. China will continue to champion and promote trade and investment liberalization and facilitation, step up bilateral investment with other countries and boost cooperation in new priority areas. China firmly supports Asia's opening up to and cooperation with other regions so as to promote their common development. China is committed to narrowing the North-South gap and supports other developing countries in their efforts to enhance capacity for self development.

Ladies and Gentlemen,

Dear Friends,

Promoting good neighborliness is a time-honored tradition of China. To enhance peaceful development and win-win cooperation in Asia and the world is a race that has one starting point after another and knows no finishing line. We in China are ready to join hands with friends from across the world in a concerted effort to create a bright future for both Asia and the world and bring benefit to the Asian people and the people around the world.

In conclusion, I wish the Boao Forum for Asia Annual Conference 2013 every success! Endi