Highlights of Xi’s keynote speech at BFA annual conference opening ceremony

By: XinhuaFrom:English Edition of Xinhua | Updated: 2018-Apr-11 17:58
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— Valuable “Boao proposals”

Since its inception, with a focus on Asia and a global perspective, the Boao Forum for Asia has hosted active discussions and produced many valuable "Boao proposals" that have helped build consensus in Asia, encourage cooperation, promote economic globalization and advance the building of a community with a shared future for mankind.

— 40 years of reform, opening-up

Over the last four decades, the Chinese people have significantly unleashed and enhanced productivity in China through hard work with an unyielding spirit.

Over the last four decades, the Chinese people have blazed a path of socialism with Chinese characteristics through determined exploration with a pioneering spirit.

Over the last four decades, the Chinese people have kept forging ahead and demonstrated the strength of the nation through keeping pace with the progress of the times.

Over the last four decades, the Chinese people have embraced the world with open arms and actively contributed our share to the world.

China's reform and opening-up meets its people's aspiration for development, innovation and a better life. It also meets the global trend toward development, cooperation and peace.

Four decades of reform and opening-up has given us many valuable inspirations. The most important one is that for any country or nation to achieve rejuvenation, they must follow the logic of history and the trend of the times in their pursuit of progress and development.

— GDP growth

Over the past 40 years, China’s GDP has averaged an annual growth rate of around 9.5% in comparable prices and its foreign trade has registered an annual growth of 14.5% in US dollar.

— Poverty relief

The Chinese people have emerged from a life of shortages and poverty and are now enjoying abundant supply and a moderately prosperous life.

According to current UN standards, more than 700 million Chinese people have been lifted out of poverty, accounting for more than 70% of the global total over the same period.

— Peace and development

In a world aspiring for peace and development, the cold-war and zero-sum mentality looks even more out of place.

Putting oneself on a pedestal or trying to immune oneself from adverse developments will get nowhere.

No matter how much progress China has made in development, China will not threaten anyone else, attempt to overturn the existing international system, or seek spheres of influence.

China will stay as determined as ever to build world peace, contribute to global prosperity and uphold the international order.

— Trend of the world

We live at a time with an overwhelming trend toward peace and cooperation.

We live at a time with an overwhelming trend toward openness and connectivity.

We also live at a time with an overwhelming trend toward reform and innovation.

We must dispel the clouds to see the sun, as we say in Chinese, so as to have a keen grasp of the law of history and the trend of the world.

— Better future

I hope that people around the world will work together toward this community with a shared future for mankind and make Asia and the world peaceful, tranquil, prosperous, open and beautiful.

— Community with a shared future for mankind

With the future in mind, we need to treat each other with respect and as equals.

With the future in mind, we need to promote dialogue and share responsibility.

With the future in mind, we need to engage in cooperation for win-win results.

With the future in mind, we need to uphold inclusiveness and seek harmony without uniformity.

With the future in mind, we need to treat nature with respect and treasure our planet.

— Chinese nation's missions in new era

In this new era, the Chinese nation will continue to improve itself through reform.

The Chinese people will continue to take bold steps in innovation to boost development.

The Chinese people will continue to increase openness and expand cooperation.

The Chinese people will continue to work together with the rest of the world and make greater contribution to humanity.

— Free trade ports with Chinese characteristics

We will pay equal attention to "bringing in" and "going global", and break new ground in opening China further through links running eastward and westward, across land and over sea.

We will adopt policies to promote high-standard liberalization and facilitation of trade and investment, and explore the opening of free trade ports with Chinese characteristics.

— Market access

We will significantly broaden market access. A number of landmark measures are to be launched this year.

We will ensure that these measures are materialized and at the same time make more moves toward further opening, including accelerating the opening-up of the insurance industry, easing restrictions on the establishment of foreign financial institutions in China and expanding their business scope, and opening up more areas of cooperation between Chinese and foreign financial markets.

— Attractive investment environment

we will create a more attractive investment environment.

We will enhance alignment with international economic and trading rules, increase transparency, strengthen property rights protection, uphold the rule of law, encourage competition and oppose monopoly.

In the first six months of this year, we will finish the revision of the negative list on foreign investment and implement across the board the management system based on pre-establishment national treatment and negative list.

— IPR protection

We will strengthen protection of intellectual property rights (IPR).

This year, we are re-instituting the State Intellectual Property Office to strengthen the ranks of its officers, step up law enforcement, significantly raise the cost for offenders and fully unlock the deterrent effect of relevant laws.

We encourage normal technological exchanges and cooperation between Chinese and foreign enterprises, and protect the lawful IPR owned by foreign enterprises in China.

— Tariffs and imports

We will take the initiative to expand imports.

This year, we will significantly lower the import tariffs for automobiles and reduce import tariffs for some other products.

We will import more products that are competitive and needed by our people.

We will seek faster progress toward joining the WTO Government Procurement Agreement.

— Belt and Road Initiative

The BRI may be China's idea, but its opportunities and outcomes are going to benefit the world.

China has no geopolitical calculations, seeks no exclusionary blocs and imposes no business deals on others.

We can make the BRI the broadest platform for international cooperation in keeping with the trend of economic globalization and to the greater benefit of all our peoples.