Full Text: Chinese Premier Li Keqiang's statement at General Debate of 71st session

Full Text: Chinese Premier Li Keqiang's statement at General Debate of 71st session of UN General Assembly

Economic globalization, represented by trade and investment liberalization and facilitation, has been a strong driving force behind fast global growth in past decades. Yet, this is not to say that there exists any panacea in the world. Frankly, economic globalization has taken its toll on some industries and communities in certain countries to certain extent. Active measures need to be taken to address the problem, but it is always important to keep in mind the bigger picture instead of keeping one' s eyes on the narrow interests only. Economic globalization is a general trend that is in line with the long-term and fundamental interests of all countries. Countries need to stand firm to oppose protectionism of any form, and need to be resolute in upholding the free trade regime represented by the WTO. This is a way to enable sustained and sound economic growth for all countries through win-win and all-win development.

-- We must redouble efforts to address global challenges facing mankind. Greater attention and more support need to be given to Africa and the least developing countries (LDCs) to help them speed up industrialization, ensure food security, eliminate poverty and hunger, and provide everyone with a life of decency and dignity. More needs to be done to create an international environment that helps reduce inequality and imbalance in global development. International institutions should spend their newly-acquired resources on helping developing countries on a priority basis. Developed countries should make good on their official development assistance commitments, while developing countries need to rely on themselves for development and need to seek development paths that suit their national conditions. As we speak, the world is facing the largest-ever refugee crisis since World War II. It is imperative to ensure refugees access to basic living conditions to stave off a humanitarian crisis. Of fundamental importance is to root out the cause of war and restart development, so that source countries of refugees can embark on a path of long-term stability, development and prosperity. Countries need to stay committed to the principles of common but differentiated responsibilities, equity and respective capabilities, and need to jointly tackle climate change and work for the Paris Agreement to be universally accepted and take effect at an early date. Developed countries need to play a leading role, deliver on their emissions reduction pledges and help developing countries improve the capacity to mitigate and adapt to climate change.

Mr. President,

Dear Colleagues,

Since China adopted the reform and opening-up policy, the Chinese economy has maintained rapid growth to become the world's second largest economy in 2010. In recent years, the Chinese economy has been growing on a large base figure amidst global complexities as well as long accumulated underlying domestic issues. China has relied on reform and innovation to maintain a medium-high growth rate and accelerated economic transformation and upgrading. In the first half of this year, the growth rate was 6.7%, which was among the fastest in major economies. People's livelihood kept improving, personal income growth was basically in sync with economic growth, and over 13 million new urban jobs were being created on an annual basis. China's economic aggregate has exceeded US$10 trillion. Every one percentage point of growth now equals several percentage points of growth before, and the yearly economic increment is tantamount to the economic aggregate of a middle-income country. China's contribution to global economic growth has been around 25%.

The world's second largest economy as it is, China remains a developing country, and much awaits to be done in modernization. Looking ahead, the Chinese economy enjoys bright prospects given its big potential, ample advantages and vast space of development. China will continue to give priority to development, pursue innovative, coordinated, green, open and shared development, and strive to maintain medium-high speed of growth and move to medium-high level of development.

-- China will promote development through deepening reform. Reform has held the key to China's achievements in development, and the same remains true for the future. China will not waver in deepening reform across the board to boost market vitality and social creativity. While maintaining aggregate demand, we will accelerate supply-side structural reform, improve the quality of supply, ensure steady economic performance, and advance structural transformation and upgrading. We will streamline administration, delegate powers, strengthen regulation and improve services, and will make proactive efforts to advance reforms in key sectors such as fiscal policy, taxation, finance, investment and state owned enterprises. We will follow an innovation-driven development strategy and one of mass entrepreneurship and innovation, and foster new growth drivers while upgrading traditional ones. The purpose is to ensure faster economic transformation and upgrading and steady economic growth.

-- China will promote development through expanding opening-up. China's experience in past decades proves that a close-door policy only leads to stagnation and backwardness, and it is opening-up that brings development and prosperity. With a firm commitment to the win-win strategy of opening-up, China will open its door even wider to the outside world. We will further improve the open economy, increase access to the service and manufacturing sectors, develop high-standard pilot free trade zones, accelerate the signing of FTAs and investment treaties with countries concerned, conduct negative list management for foreign-invested companies, and foster a more equitable, transparent and predictable business environment. We will adopt new approaches to investment overseas, and work with parties concerned to advance the Silk Road Economic Belt and the 21st Century Maritime Silk Road as well as global production capacity cooperation. These are ways to achieve even greater mutual benefits and win-win development with more countries.

-- China will promote development by upholding peace. For the Chinese people that have in the past seen too many wars for too long, peace is to be doubly cherished. China is a dedicated follower of the path of peaceful development. China regards all countries as equals whatever their size, and China pursues friendship and cooperation with all countries on the basis of the Five Principles of Peaceful Coexistence. China's neighborhood policy is one of amity, sincerity, mutual benefit and inclusiveness. China has worked through dialogue, negotiation and friendly consultation to address differences and questions with other countries, including disputes concerning territory and maritime rights and interests. China's approach is to expand common ground and shelve differences, and China has never relented its efforts for regional peace and stability. China has all along worked for the peaceful settlement of hotspot issues, and has taken an active part in international cooperation in counter-terrorism and non-proliferation. China supports international efforts to address the refugee issue, and will provide US$300 million worth of humanitarian assistance to relevant countries and international organizations.

China is a major developing country with a 1.3 billion population. Managing its own affairs well is its biggest contribution to peace and development in the world. Meanwhile, China also works in real earnest to fulfill its international obligations. China knows just how much other developing countries desire to achieve development and root out poverty, and has rendered them support and assistance to the best of its ability. By the end of 2015, China had provided a total of over RMB400 billion to 166 countries and international and regional organizations and provided training to over 12 million professionals in various sectors from other developing countries. Going forward, China will strengthen cooperation with other developing countries, and will do whatever is possible to help African countries and LDCs for the purpose of achieving common development and common prosperity.

China has taken action to advance the 2030 Agenda for Sustainable Development. It was among the first to release a national plan on agenda implementation. Meanwhile, China remains supportive of relevant international cooperation. China' s total annual contributions to UN development agencies will be raised by US$100 million by 2020 from the 2015 level. China was among the first countries to deposit with the UN an instrument of ratification of the Paris Agreement, and China will earnestly honor its commitment made in this regard.

Mr. President,

Dear Colleagues,

To achieve the goals for sustainable development is our common task. China stands ready to work with other members of the international community and contribute its fair share to a world free from want, and a world of development and dignity for all.

Thank you.