Paris – China’s development and China-Europe cooperation have become sources of positive energy for the world, Chinese State Councillor, Yang Jiechi, said on Friday.
He made this known while delivering his speech at the French Institute of International Relations.
He talked about the Chinese economy, its diplomacy and China-Europe relations.
Yang, who had met with the French President, Francois Hollande, and Foreign Minister, Jean-Marc Ayrault, was co-chairing at this year’s China-France strategic dialogue with Jacques Audibert, Diplomatic Advisor to the French President.
“The Chinese economy, as an anchor and a source of growth for the world economy, will continue to inject positive energy to the global economic growth; China has made enormous contributions to the world economy.
“China’s gross domestic product grew by 6.9 per cent last year, much lower than previous years.
“The growth still places the Chinese economy at the forefront of major economies and represents the biggest increment in the world, equivalent to the GDP of a middle-income country.
“According to the International Monetary Fund (IMF), China will be contributing 30 per cent to global economic growth up to 2020,’’ he said.
Yang added that China is also a major contributor to global consumption and investment.
“In the next five years, China will import goods worth over 10 trillion U.S. dollars and make outbound investment of over 600 billion dollars.
“The world will also benefit from the good progress in China’s deepening reform.
“China is steadily advancing its own structural reform in a bid to lead by example in the broader structural reform of the world economy,” he said.
Yang said that such reform has proved effective as consumption has overtaken investment as the key driver of the Chinese economy while the share of the services sector in the GDP has exceeded 50 per cent. (Xinhua/NAN)