China triggered “global job boom”
10 million opportunities created ¡ª Xinhua
BOAO (Hainan): China has created some 10 million job opportunities for the world over the past five years, said Vice President Zeng Qinghong here on Saturday.
China had also been importing nearly $500 billion worth of goods annually since its entry into the World Trade Organisation in 2001, Mr. Zeng said. He was giving a keynote speech at the opening ceremony of the Boao Forum for Asia (BFA) Annual Meeting 2006.
Highlighting the opportunities of development China has brought to the world over the past years, he said imports from Asian countries and areas increased 20 per cent year-on-year to hit $440 billion in 2005, accounting for 67 per cent of China’s total volume of imports.
Beneficial cooperation
Overseas investment by Chinese companies has increased by over 20 per cent annually, with 80 per cent of it made in Asia.
China will “unswervingly” pursue peaceful development and pay more attention to friendly and mutually beneficial cooperation with the world, especially with Asian countries and regions, Mr. Zeng said.
He said China’s smooth and fast development would provide more opportunities for regional cooperation in Asia. He said 2006 was the first year of China’s 11th Five-Year (2006-2010) plan.
In the coming five years, China would improve its mode of economic growth and focus attention on environment protection and resource-conserving to maintain a stable and relatively fast development.
By 2010, Mr. Zeng said China’s GDP would exceed $3 trillion, and the annual import volume will surpass $1 trillion. The energy consumption per unit would be reduced by 20 per cent, and the emission of pollutants would be cut by 10 per cent.