China pledges more balanced trade at Boao Forum for Asia in Hainan
Hu said the full implementation of the 12th Five-Year Plan is of great importance to China’s endeavor of opening wider to the world and deepening mutually beneficial cooperation with countries in Asia and beyond.
The Chinese President said China’s economic growth was still unbalanced and pledged to boost the role of consumption in the economy. In the next five years, China will further boost domestic demand and pursue the strategy of "going global".
Hu proposed that Asian countries respect diversity of civilization and promote good-neighborly relations.
"We need to translate the diversity of our region into a driving force for more dynamic exchanges and cooperation, increase mutual understanding and trust, and take our cooperation to higher levels," he said.
The Asian countries need to transform their economic development pattern in keeping with global trends, restructure their economies, build capacity for scientific and technological innovation, and develop the green economy, said the president.
"We need to focus on both the speed and quality of development, and ensure both efficiency and quality," he added.
"We need to integrate our effort to develop the economy with that to improve people’s well-being, and achieve coordinated economic and social development," he said.
Hu said that Asian countries need also to share development opportunities and meet challenges together.
"Large countries should support small ones, rich countries should help poor ones and all should help each other so as to seize opportunities and tackle challenges together," said Hu.
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