1.4 Speech by Wang Guangya at Princeton University
Ladies and Gentlemen,
I am honored to be invited to your seminar tonight. For me, for my colleagues and for many other Chinese, Princeton has long been a familiar name. With a history longer than the country, it has produced many outstanding people, Woodrow Wilson, the 28th US president, Albert Einstein, the great scientist, and T. S. Eliot, the famous poet, to name but a few. As former president Bill Clinton said in 1996 at the celebrations for the 250th anniversary of Princeton,“At every pivotal moment in American history, Princeton, its leadership, faculty and its students have played a crucial role.”
I am more pleased to learn that all of you have a keen interest in China. Though our two countries are geographically far apart, we have a great deal in common in the everyday life. While many Chinese enjoy Hollywood movies and McDonald’s fast food, many Americans find that their clothes and daily necessities are made in China. I hope that today’s seminar will help you gain a better understanding of China and its foreign policy, thus deepening further our friendship and cooperation.
2.4 CNN interview with Jet Li
?It’s a very special part and a very special movie. I think it’s one of the
most important action films in my life.
?Usually action films have a formula: A child whose parents have been murdered
by bad guys tries hard to learn martial arts and he grows up into an outstanding Kongfu master. He takes revenge and kills the bad buys. But “Hero”has a much broader them.
?No, it’s totally different. I think Ang Lee is a very very talented director.
He uses martial arts to talk about love, you know. But Zhang Yimou tries to tell about Chinese culture, Chinese thinking and their inspirations about the world.
?I think the most important thing is that when I was young, I learnt martial arts.
That is my special key. I can use my unique martial arts skills in the film.
I have been thinking about doing something different, like using martial arts
to talk about peace and to achieve peace.
?That’s right, because Chinese culture is not just martial arts. That’s only
the physical part. It’s not true that the Chinese people are all Kongfu masters and can just beat up people; and that they have no brains, no thoughts. As a matter of fact, we have a deep, strong and sophisticated philosophy. I feel I have the responsibility to share this information with the worldwide audience.
3.3 Steve Forbes on Forbes
3.4 Introduction to an arts and crafts company
Distinguished guests, dear friends:
I feel honored to have this opportunity to introduce our company to you through the platform provided by this conference.
Founded 15 years ago, we are a company specializing in the design, manufacture and sales of handicrafts. Fifteen years ago our staff numbered 50; now the figure is 1,700. Fifteen years ago we rented a facility covering a floor space of 4,500 square meters; now our own facility covers a floor space of24,000 square meters. These figures speak loudly and clearly of our success.
Our leading products are various architectural models, including exotic European cathedrals, the Empire State Building, the White House, and the Pentagon in the U.S., along with cartoon animal toys and Christmas gifts with a variety of designs. Our designs have become trend setters in the industry.
Today, our products are sold worldwide in more than twenty countries including Japan, Singapore, Australia, New Zealand, Canada, America, the UK, France, Italy, the Netherlands, Sweden, and Germany. They are well received by both local importers and customers. For fifteen years, our output value has maintained an annual growth rate of 30%.
4.4 Preserve core values of the Lunar New Year
To people of Chinese descent around the world, the Lunar New Year (also called Spring Festival) is undoubtedly the most important festival of the year. **Dating back 3,000 years, it celebrates the passing of a peaceful year and welcomes the new one.
The reunion dinner, eaten on New Year’s Eve, is de rigueur, with members of the extended family gathering for the most significant meal of the year. Even the absent members will endeavor to return home in time for it. It underscores the supreme importance of the family in Chinese culture, and aims at strengthening the sense of togetherness and cohesion.
The way people celebrate the New Year embodies two important core values. *The first value is the sense of family togetherness; members of multi-generation families are all there to have a big reunion dinner. Everyone will follow this custom. The female members are usually held responsible for preparing the dinner, and some rich families may take on extra hands. *The second value lies in the happy visits mutually made between friends and relatives, a good way to strengthen kinship and friendship.
However, economic development has resulted in some changes in lifestyles. After a busy year, people are tired of preparing for the reunion dinner, and would rather hold it in posh restaurants, despite the exorbitant costs. The festival door-to-door visits have given way to New Year greetings via telephone or text messages. Some families go away for a trip or even go to such extreme as to seek temporary refuge in a hotel so as to avoid being visited.
* Some tradition-minded people regard the reunion dinner and visits to relatives and close friends during the New Year as where core values are embodied, without which the holiday would lose much of its significance. Some pessimists contend that, as the popularity of western culture grows, Chinese traditional festivals will gradually lose their original meaning and degenerate into commercial festivals like Christmas.
The Spring Festival is an important part of the Chinese cultural heritage,and it will continue to be celebrated. The modes of celebration may change, but the core value should be sustained: that of respect for kinship and friendship.
Q：My question is about educational exchanges. You mentioned in your speech that there are large numbers of Chinese students studying in Britain. As we know, it is extremely difficult to get a scholarship at a British university. But the tuition fees for international students far exceed these for home students. So we can not help wondering about the motivation of British universities in enrolling Chinese students. Is it to promote educational exchanges with China and to liven up campus life in Britain, or just for a commercial purpose? Thank you.
Q： Mr. Blair, welcome to Tsinghua University.I was deeply impressed by your support for Sino-British educational exchanges, but I was also sorry to learn that some universities in northeastern Britain have decided to cancel the major of Chinese Culture and Language, among them the University of Durham. Will this affect cultural and educational cooperation between our two countries? If so, what is your solution?
Mr. Francesco Frangialli, Secretary-General of the World Tourism Organization, Ms. Louise Frechette, Deputy Secretary-General of the United Nations,
All Delegates, Ladies and Gentlemen,
At this October time when Beijing is offering us its charming autumn scenery in the freshest air and clearest weather, the 15th General Assembly Session of the World Tourism Organization is officially opened here. On behalf of the Chinese government, I would like to extend our sincere welcome to all the guests here and to express our warm congratulations on the convening of this session.
Tourism is a nice and pleasant activity that combines sightseeing, recreation and health care. Tourism has been developing with the times. Since the mid of the 20th century, modern tourism has been booming at a fast pace across the world. The number of tourists has been increasing, the scale of tourism industry has kept expanding, and the position of tourism in the economy has been rising. Increasingly, tourism serves as a channel for cultural exchanges, friendship development and varied communication. It exerts more and more extensive influence on human life and social progress.
As a country with an ancient civilization and a long history, China is also a big oriental country full of modern vitality, blessed with a rich supply of unique and varied tourism attractions and resources. Besides the picturesque natural scenery, profound history and extensive culture, China embodies the different folk customs of 56 nationalities/ethnic groups. Currently, 29 properties have been inscribed onto World Cultural and Natural Heritage List. With the reform and opening-up programs, China’s modern construction is surging ahead, and urban and rural areas are all experiencing daily changes. The ancient glory and modern boom combine most impressively to create favorable conditions for domestic and international tourism in China.
The fist 20 years of the 21st century is a strategic period for China to accomplish the all-round construction of a well-off society and to speed up its socialist modernization. It also provides a favorable time for its further development of tourism industry. We shall promote tourism as an important industry in China’s national economy, properly protect and utilize our tourism resources and try to achieve sustainable development. The Chinese government welcomes all international friends to visit China. We shall do our best to protect their health and safety. Meanwhile, we will encourage more Chinese people to go abroad for visits. We are ready to develop extensive
cooperation with other countries and contribute to global tourism growth.
For many years, the World Tourism Organization has made active and effective efforts to gain tourism prosperity and development around the world. It has become a specialized agency of the UN. Here we would like to offer our sincere congratulations. We believe this WTO General Assembly session will give a major push to tourism in the world for greater prosperity and new development.
Finally, I wish the 15th General Assembly Session of the World’s Tourism Organization every success.
主：Welcome to our studio. My first question is: how many years have you been in China?
主：3 years. I bet you have witnessed a lot of changes in China. Could you tell us your deepest impression of urban development in China?
主：What do you think of all these tall buildings and the widened roads? Do you think that these are signs of modernization? Are all these changes good?
主：Why is it complicated?
主：Then let’s see what are the differences between a foreigner’s expectations and what the Chinese would like to see.
主：That is to say, foreigners are interested in the things unique in China, but there is a contradiction between modernization and preservation, as you mentioned just now from another perspective. The space of a city is limited; the old part of the city should be reconstructed, and in fact the new buildings are symbols of the prosperity of a city. Isn’t this a good thing?
主：You are quite right. People nowadays are starting to realize the importance of the preservation of heritage. Some local governments are making great effort to deal with the contradiction between development and preservation. Well, because of the limitation of the time, I’m afraid we have to stop now. Thank you ever so much for your coming to discuss this topic with us. We hope you’ll come again.
B：Well, in China, HIV/AIDS has become a very serious problem related to social development. There’ve been cases of people being accidentally infected with HIV/AIDS, through accepting contaminated blood from hospitals, babies acquiring the disease from their mothers, having improper sexual relationships. From the time we discovered the first AIDS patient in 1985, our country has entered a period of rapid increase in AIDS infections. Experts estimate that more than 900,000 people had been infected with HIV by the end of last year. If we don’t take some efficient measures, this number will double by 2010.
B：First, because of poverty, people lack education and information about the prevention of HIV/AIDS. Second, ignorance. People do not pay much attention to this problem. Third, they lack proper resources, things like training, money and information. According to reports, we do not yet have an efficient medicine to cure HIV/AIDS.
B：We have already got very strong support from the international community, especially on the technical side. And on the domestic front, we’ve recognized that making our people understand and raising their awareness is very important. So, common sense, health education and behavioral changes are the only way for people to avoid HIV infection.
B: Firstly, I think the government should improve our monitoring system, and secondly, NGOs should try their best to mobilize all the resources we can use to help the people, especially people at the grass roots and the rural areas, to let them know the terrible results of the spreading of the disease and how to prevent HIV/AIDS. I think we should do more advocacy work among the people.
B：China embarked on the road to reform and opening up in 1978. Our reform is a comprehensive one which includes both economic and political restructuring. Precisely as Mr. Deng Xiaoping pointed out, without political reform, economic reform would not be successful. In essence, political restructuring in China aims at integrating the leadership of the Chinese Communist Party, the people’s role as masters of their own affairs, and the rule of law in the conduct of public affairs.
At present, it is particularly important to do a good job with regard to the following. First of all, we should develop democracy to safeguard people’s democratic rights and to respect and protect their human rights. Secondly, we should improve the legal system through better legislation, better administration according to the law, and greater judicial reform. Thirdly, we should run the country according to the law, making our socialist democracy more institutionalized, standardized and regularized, and in this way we can make sure that it will not change because of changes in the leadership or changes in the views and priorities of leaders. Fourthly,we must strengthen supervision, and we should make sure that the government is placed under the supervision of the people. We have to develop democracy and strengthen supervision. Only in this way can we make sure the government will not relent in its efforts, and this would help avoid a situation whereby the government would be a failure.
China is a big country with 1.3 billion people. So, political reform should be pressed ahead in an orderly fashion and in a well-organized manner. Now there exist many misunderstandings. For instance, with regard to freedom of religious belief. Freedom of religious belief is clearly written into China’s constitution. China currently has over 100 million religious followers and over 100,000 religious sites.
Since the beginning of the reform and opening up, one religious site has been either built or restored every three days. There are quite a number of religious sites around the Zhongnanhai. For instance, to the east of Zhongnanhai, there’s the Wangfujing Catholic Church. To the south, there’s the Islamic mosque on Niujie Street. To the north, there’s the Yonghe Buddhist Monastery. To the west is the Baiyun Taoist Temple. Nearest to Zhongnanhai is the famous Sishiku Catholic Church, which has a long history in China. If you visit these religious sites, I’m sure you will see people practicing their religious faith.
B: At the moment, we have introduced the practice of self-administration and direct elections in 680,000 villages. This is a great innovation, and it is also very good practice for Chinese farmers. We have also introduced suffrage for the election of people’s deputies at the level of townships,counties and urban cities without districts.Indirect elections are held for the leadership of the provinces, and of municipalities with districts, as well as for the central authorities. Why? This is because China is such a huge country with such a big population. It is still underdeveloped, and economic development is uneven between regions. So conditions are not ripe for direct elections at the higher levels. The fist hindrance in my view is the inadequate education level of the population.
9.3 Multivariate family planning policy in China
It has been over two decades since China adopted the Family Planning Policy. However, there still exist misunderstandings about this policy. People mistakenly think that China’s Family Planning Policy equals the One Child Policy, which allows one couple to have only one child. Their impression is that this policy is implemented more strictly in urban areas: in cities where people are better off, one couple can have only one child, while in the poor rural areas, one couple can have two or three children. Furthermore, they think that the One Child Policy is the cause of gender imbalance.
I will now clarify these misunderstandings.
As a matter of fact, the policy adopted in the early 1980s is a multivariate policy called the Family Planning Policy, or the fertility policy. Its multivariate nature can be proved by two facts.
First, the total fertility rate in China now stands at 1.8, which means there is more than one child per family in most areas. For example, there is generally only one child in a family in urban areas, but two in rural areas, and three in ethnic minority areas. In some areas, like Tibet, there are no restrictions at all on the number of children a family can have. We can tell from this fact that China’s Family Planning Policy varies in accordance with the economic and social development level of different areas.
Secondly, China is seeing an unbalanced sex ratio at birth at the moment. The sex ration at birth refers to the number of boys born per 100 girls born. This is not the same concept as the sex ratio of the total population.
The unbalance is not entirely the result of the Family Planning Policy. I would like to cite two interesting examples. My first example is the Republic of Korea. In 1988, the sex ratio at birth in the ROK was 114, and the ratio now in China is 117.
I believe there was no family planning policy in the ROK. My second example is Singapore, whose sex ration at birth in 1984 was 109. Why is it a common problem in Asia? There are two main reasons. The first reason is the influence of traditional culture and ideology,that is, a preference for sons, which poses a great problem for the sex ratio at birth. Second, China’s unbalanced birth ratio is attributable to the poor social security system in rural areas.
The Chinese government has launched a nationwide Girl Care Projec t to hamper the rising sex ratio at birth. This project aims to educate the general public to abandon their traditional preference for male children and to advocate female children’s status and rights.Secondly, the Chinese government is also making an effort to establish and improve the social security system, particularly in rural areas.
Thirdly, the phenomenon of allowing one child for urban families and two to three children for families in poor areas called as reverse selection of population quality.
I have two points to make in this regard. The policy in rural areas is made in accordance with the economic situation there. The social security system is being gradually improved in rural areas. If a stringent One Child Policy is to be introduced in this process, the household insurance coverage is likely to be reduced for rural families. Therefore, the number of children allowed in rural families is dependent on the economic situation.
11.4 ABC of the WTO
A: With the development of globalization, international economic organizations are playing a more important role. What are the major economic organizations in the world nowadays? Could you please tell me briefly about them, not only about their common characteristics in international trade practice, but also their particular features? B: 三个主要的国际经济组织是世界银行、国际货币基金组织和世界贸易组织。世界贸易组织是于1995年从关贸总协定发展而来的，它是一个在贸易规则基础上进行贸易谈判的论坛，也是一个解决国家之间贸易争端的世界性组织，其核心作用是处理成员国之间的贸易关系。
A: The WTO has replaced the GATT and is much more than the GATT.Could people say in another way that the WTO is the multilateral trading system?
B: 从某种意义上可以这么说。在多边贸易体制下，成员国之间采取多边谈判的方式使国际贸易规范化以及解决贸易争端。通过这种方法，世界贸易就会顺利运行，世界资源就会被有效利用。50几年来，GATT和WTO在发展国际贸易方面起到了重要作用。就像你刚才所说的，WTO比GATT 覆盖的范围更广了、内容更丰富了。所以，多边贸易体制正在持续发展。
A: The WTO is a very busy and influential organization. Do all member governments have to obey the rules set by the TWO?
A: The economy in developed countries is more powerful than that in developing countries, and much more powerful than that in underdeveloped countries. As an international economic organization, is the WTO’s decision-making under the control of the developed countries?
A: Can a WTO body directly impact on or change a government’s policies? Does the WTO control the governments of member states?
B: 只有一种情况WTO会对政府的政策产生直接的影响，那就是当一个争端提交给WTO ，而且需要通过争端解决机构进行裁决的时候。一般情况下，争端解决机构是通过专家组成的决定或者是上诉报告进行裁决的。
A: Trade is the most important matter that the WTO is concerned with. So some people think that the WTO is willing to do anything to promote free trade. What is your opinion on this?
A: “Fair competition”is one of the basic principles of the WTO. International trade should be fair in competition. How does the WTO ensure that this principle is obeyed? B: WTO 已经草拟一系列规则。这些规则详细说明了什么是“公平”什么是“不公平”，以及政府应该对“不公平”做出什么反应。如果违背WTO的规则，受害方可以采取反倾销或者“补偿措施”进行补救。
11.5 Speech by President Hu Jintao at the opening ceremony of the 2005 FORTUNE Global
Forum in Beijing
Distinguished Mr. Richard D. Parsons,
Ladies and gentlemen,
Good evening! I am very delighted to be with you here to join in the opening ceremony of the 2005 FORTUNE Global Forum in Beijing on this beautiful evening.To begin with, I’d like, on behalf of the Chinese government, and also in my own person, to express my sincere welcome to all of you, and congratulations to the forum sponsor, Time Warner Inc.//
Since the implementation of the reform and opening-up program pioneered by Mr. Deng Xiaoping in 1978, China has undergone a profound transformation never seen in the country before. In a short span of 26 years from 1978 to 2004, China’s GDP increased from 147.3 billion US dollars to 1.6494 trillion US dollars, with an average annual growth rate of 9.4 percent. Its foreign trade rose from 20.6 billion US dollars to 1.1548 trillion US dollars, averaging an annual growth rate of over 16 percent.// China’s foreign exchange reserve increased from 167 million US dollars to 609.9 billion US dollars. The number of poor rural people has dwindled from some 250 million to 26 million. The overall national strength of China has increased remarkably and the texture of life of its people improved steadily. // While inheriting and carrying forward their proud past, the 1.3 billion Chinese people are writing a new chapter in history as they march with one mind on the road of building socialism with Chinese characteristics. We in China have identified the goal for the first 20 years of this century. That is to firmly seize the strategic opportunities to build a moderately prosperous society of higher standards in an all-round way for the benefit of our over one billion people. By 2020,we will quadruple China’s GDP of 2000 to approximately 4 trillion US dollars with a per capital level of some 3,000 US dollars, and further develop the economy, improve democracy, advance science and education, enrich culture, foster greater social harmony and upgrade the texture of life for the people.…
Ladies and Gentlemen,
China and the rest of Asia and the world at large are closely related when it comes to development. A developing China will, as always, generate cooperation opportunities with win-win results for other countries in Asia and the world over. By the end of 2004, China had attracted a total of 562.1 billion US dollars in FDI, approved the establishment in China of more than 500,000 foreign-funded enterprises and created a huge import market of some 560 billion US dollars annually.//
At present, most countries and regions have enterprises with investments in China, and over 400 firms out of the FORTUNE 500have invested in China. The number of R&D centers set up by foreign investors in China has exceeded 700. As China becomes more developed, its cooperation with other countries and their corporations of various types is bound to increase in scale. //
China will keep opening up its market, find new ways of using foreign capital,improve laws and regulations for encouraging and protecting foreign investors, revamp foreign economic management, step up protection of intellectual property rights, and work still harder to help foreign investors and create an even better environment for trade an
economic cooperation between China and the rest of the world.…
Facts have proved that such cooperation serves our mutual interests. We look forward to continued expansion of your investment in China and your still closer economic and technological cooperation with Chinese enterprises. I believe that you will give greater scope to the advantages of your companies and your rich managerial expertise and play a critical role in facilitating international economics and technological cooperation and promoting economic development regionally and globally. Let us join hands and work together to contribute a greater share to world peace and common development.
May I conclude by wishing the 2005 FORTUNE Global Forum in Beijing a complete success.
Thank you! //
14.3 Speech at the Forum on Revitalizing the Old Industrial Bases in Northeast China
Ladies and gentlemen,
Good morning. “The Forum on Revitalizing the Old Industrial Bases in Northeast China”, co-hosted by the State Council’s Office of the Leading Group for Revitalizing Northeast China and Other Old Industrial Bases, the Ministry of Commerce, the Liaoning, Jilin and Heilongjiang provincial governments and the organizing committee of the CIFIT, is being held in Xiamen as scheduled.
This CIFIT features a series of activities for revitalizing the old industrial bases in Northeast China. First, on behalf of the Ministry of Commerce, I would like to extend my heartfelt thanks to Director Zhang Guobao, and the leaders of the three northeastern provinces in China. My thanks also go to the Organization of Economic and Cooperative Development, the International Financial Corporation and the Multilateral Investment Guarantee Agency for their support. Also, I would like to extend my warm welcome to all the delegates.
Supporting those old industrial bases to accelerate adjustment and reconstruction is a major strategic decision made by the CPC central committee. Speeding up the process is not only the urgent demand of northeast China for its own reform and development but also an important strategy to realize the harmonious development of China’s economy and society. The success of the strategy is the key to the sustainable development of China’s economy.
The old industrial bases in northeast China boast a batch of enterprises in strategic industrie s such as energy, raw material and equipment-manufacturing, and they once made great contributions to the nation’s economic construction. However, with the deepening of China’s economic restructuring, the problems faced by those old industrial bases have become more and more prominent, such as the lower level of marketization and opening-up to the outside world, the unitary structure of the ownership economy, tardiness in the adjustment of the industrial structure, aging of the equipment and technology and the immense pressure on social security and employment.All these require us to do some brainstorming and come up with effective measures.
The plan to revitalize the old industrial bases in northeast China is a comprehensive system and the policies for adjustment cover all aspects. Nevertheless, opening more widely to the outside world, absorbing overseas investments, bringing in capital, technology and managerial expertise, and promoting the development of the old industrial bases and the reform and restructuring of sate-owned enterprises are the major measures to revitalize northeast China and other old industrial bases.
The biggest selling-point for northeast China is the large and medium-sized state-owned enterprises. By cooperating with large or medium-sized state-owned enterprises, their former competitors, foreign-invested enterprises can shorten the amount of time needed to gain access to the Chinese market. They can attract a number of technically and managerially talented people who worked in the state-owned enterprises, as well as the market, the resources of their partners and support from the government. What’s more important, they can convert their competitors into partners and become more competitive.
As for the foreign-funded enterprises, it’s necessary for them to stick to the principle of “contacting, cooperating and developing” if they want to turn these measures into substantial yields. They should express sincerity for cooperation in the contract, achieve complementary advantages in the cooperation and remove the risks in investment through development. Only when they attain full contact, in-depth communication and understanding, and sincere cooperation can they realize mutual development. To develop is the best means for us to diminish the risks and realize a win-win situation.
To carry out the development strategies made by the CPC central committee and the State Council to revitalize the old industrial bases in northeast China, the Ministry of Commerce and the three northeastern provinces in China have put forward some tentative policies after carrying out much investigation and research. At present, the Ministry of Commerce is working out some specific measures in collaboration with relevant departments and the three provincial governments in northeast China. It’s believed that these measures will facilitate the economic development of northeast China.
In conclusion, I wish the forum complete success.
China is committed to developing dynamic, long-term and stable economic cooperation and trade with the EU and expects the latter to become China's largest trading and investment partner.
-- Give play to the mechanism of the economic and trade joint committee and step up economic and trade regulatory policy dialogue; give attention to updating the Trade and Economic Cooperation Agreement Between China and the European Union at an appropriate time; properly address irrational restrictions and technical barriers, ease restrictions on high-tech exports and tap the enormous potential of technological cooperation and trade in line with the WTO rules; grant China a full market economy status at an early date, reduce and abolish anti-dumping and other discriminatory policies and practices against China, and apply the Transitional Product-Specific Safeguard Mechanism (TPSSM) prudently; and compensate the Chinese side for its economic and trade losses which may arise due to the EU enlargement.
-- Boost China-EU coordination and cooperation in the new round of WTO negotiations and work together for the success of the negotiations.
-- Strengthen dialogue on investment, promote the establishment of bilateral investment-promotion institutions, energetically encourage and guide mutual investments between enterprises of the two sides, and expand cooperation between their small- and medium-sized enterprises; develop processing trade, contractual projects
and labour cooperation of various kinds and encourage transnational business operation and internationalised production.
-- China welcomes more EU development aid, especially in such fields as the environmental protection, poverty-alleviation, public health and hygiene and education. China also welcomes a stronger and more active role of the EU in human resources development, in particular, personnel training for China's central and western regions and build-up of China's capacity of participating in multilateral trading regime.
-- Step up cooperation in the area of quality supervision, inspection and quarantine, establish appropriate consultation mechanisms and, subject to the principle of ensuring safety, security, hygiene, health and environmental protection, promptly address and resolve issues which may adversely affect market access of each other's products.
-- Boost the customs cooperation and conclude a China-EU Customs Agreement in due course.
2. Financial Cooperation
China and the EU should launch a high-level financial dialogue mechanism, expand exchanges between their central banks on policies and deepen cooperation in preventing and managing financial crises and combating the financing of terrorism and money laundering. The Chinese side welcomes an expansion of China-related business by banks of the EU countries and hopes to see an appropriate settlement of the issue of Chinese financial institutions' access to the EU market.
The Chinese side will positively examine and consider applications of EU insurance institutions for business operation in China and improve its supervisory and regulatory regime in line with the Chinese insurance laws, regulations and statutes and China's WTO commitments.
Cooperation in securities legislation, market supervision and regulation, and investment operation will be strengthened and more EU securities institutions, fund management institutions and other institutional investors will be encouraged to enter into China's market. Chinese securities institutions will be encouraged to enter into the EU's securities market when conditions are ripe. In the meantime, Chinese enterprises will be strongly supported to raise funds in the EU's securities market.
Today, I'm very pleased to be with my new and old friends to attend the Sino-European
Economic Forum jointly hosted by the University of International Business and Economics and the China Association of International Trade. I'd like to extend my welcome to his Excellency Ambassador and other European friends participating in this forum.
China's economic and trade links with Europe hold a prominent position in China's foreign trade and economic cooperation. Europe, especially the west European countries, has been important as China's trading partners and source of capital and technologies. The Commonwealth of Independent States and central and eastern European countries are also becoming our important economic and trading partners.
In 2003, the 2nd year of its WTO membership, China strictly complied with its commitments, cut tariffs, opened the markets, strictly observed the WTO rules, and modified relevant laws and regulations. These have received compliments from all parties. China's opening-up has taken on a new look and its foreign trade and economic cooperation have taken new steps.
Last year when the global economy started to recover its growth, the economic and trade relations between China and Europe, however, has maintained a relatively fast growth speed and taken on a good momentum of development. This should be attributed to the concerted efforts of both sides.
In recent years, the Sino-European relationship has been further consolidated and reinforced. This has laid a solid foundation for the growth of bilateral economic and trade relations. China has established respectively with the EU and Russia the comprehensive partnership facing the 21st century and the Strategic Cooperation Partnership. Also, China has formed the regular meeting mechanism between Chinese and EU leaders, between the heads of state of China and Russia and between the Chinese premier and Russian Prime Minister.
所周知, 在中国与欧洲的经贸关系中, 欧盟占有重要的地位。2003年中国与欧盟的贸易额占中国与欧洲贸易总额的77%, 目前中国欧盟已互为第三大贸易伙伴。欧盟是中国产品出口的一个传统市场，在我对外贸易中的比重不断上升。与此同时，中国也成为欧盟一个重要出口市场，在其对外贸易中的比重也在上升。在中国加入世贸组织后，随着我投资环境的进一步改善，欧盟企业对华投资信心不断增强。
As is known to all, the EU is holding an important position in terms of China's economic