Hu: China to pursue win-win strategy of opening-up
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China said on Monday it will adhere to the win-win strategy of opening-up and work with the international community to contribute to the overall recovery of the world economy.
President Hu Jintao made the commitment in his written interview with the Wall Street Journal and the Washington Post prior to his state visit to the United States.
"China will pursue the win-win strategy of opening-up and stands ready to work with the United States and the international community as a whole to intensify practical cooperation, properly handle various risks and challenges, and make greater contribution to the overall recovery of the world economy," Hu said.
China took a pack of measures to address the impact of the international financial crisis, which inflicted on the country "unprecedented difficulties and challenges", he said.
China quickly adjusted its macro-economic policies, resolutely adopted the proactive fiscal policy and moderately easy monetary policy, put in place a package plan to boost domestic demand and stimulate economic growth, significantly increased government investment, implemented industrial readjustment and reinvigoration plans on a large scale, energetically promoted scientific innovation and technological upgrading, raised social welfare benefits by a substantial margin and introduced a more active employment policy, according to Hu.
"As a result, China's economy in 2009 and 2010 maintained steady and relatively fast growth and contributed to the economic recovery of the region and the world," Hu said.
The president said China will take scientific development as the main theme and focus on transforming the economic development pattern at a faster pace.
China will implement a proactive fiscal policy and a prudent monetary policy, speed up economic restructuring, vigorously strengthen indigenous innovation, make good progress in energy conservation and pollution reduction, continue to deepen reform and opening-up, work hard to ensure and improve people's livelihood, build on the achievements in addressing the international financial crisis, maintain steady and relatively fast economic growth, and promote social stability and harmony, he said.
