For the system of global economic governance to be equitable and efficient, it must keep up with the times. We should advance the reform of the global governance system on the principle of conducting consultation and collaboration for shared benefits. This reform should be advanced on the basis of equality, openness, transparency and inclusiveness. Developing countries should have more say and greater representation in this process. Disagreements should be resolved through consultation. Attempts to form exclusive blocs or impose one's will on others should be rejected. History has shown that confrontation, whether in the form of a cold war, a hot war or a trade war, will produce no winners. We believe that there exist no issues that countries cannot resolve through consultation as long as they handle these issues in a spirit of equality, mutual understanding and accommodation.
Ladies and gentlemen,
Friends,
In 1978, China embarked on the great journey of reform and opening-up. Over the past 40 years, the Chinese people, with vision, hard work and perseverance, have forged ahead and taken a historic stride. We have stood up, become prosperous and grown in strength. We the Chinese nation are moving forward toward great rejuvenation.
-- Over the past 40 years, the Chinese people have blazed a new trail and made solid progress. With enterprise and grit and through self-reliance, we have turned China into the world's second biggest economy, making tremendous advances in our country's development and the improvement of people's lives. It is the relentless efforts of the Chinese people that have made China what it is today!
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