Finance Minister Says China's Economic Growth Contributes to World Peace
Posted on: Saturday, 3 December 2005, 12:00 CST
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
London, 3 December: China's economic growth will present a chance for the world and contribute to world peace, said Chinese Finance Minister Jin Renqing here on Saturday [3 December].
Jin made the remarks when briefing the participants on China's 11th five-year plan and the country's peaceful development concept at an economic policy dialogue here.
Jin and his counterparts from India, Brazil, South Africa attended the dialogue with G7 finance ministers.
The Chinese finance minister said the economic policy dialogue between the developed and developing countries is very important.
Though very short in terms of time, the meeting is very successful as the finance ministers exchanged their views on world economy affairs, he added.
During the meeting, the finance ministers focused on trade, energy and pledged to support the forthcoming Hong Kong WTO ministerial meeting.
The ministers agreed to support the establishment of a fair, just, open and unbiased multilateral trade system.
The ministers for the developing countries also urged the developed countries to open up their markets to make a better environment for their development.
The ministers also agreed that world energy price should be kept at a reasonable level, and they should strengthen their information exchange on energy and support the World Bank's proposal for an energy fund to back up alternative energy research.
The ministers at the meeting found out that with the deepening of economic globalization, a stable environment for trade, finance and energy is growing to be a common need for the world community.
"The most important thing is to materialize all the commitment to reduce world poverty by half by the year between 2000 and 2015 as mapped out in the millennium plan," the ministers said.
Traditionally, four meetings are held each year for G7 finance ministers' and central bank governors' meetings. A fifth meeting has been added this year reportedly in honour of 79-year-old Alan Greenspan, the out-going chairman of Federal Reserve of the United States.
Source: BBC Monitoring Asia Pacific
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