Chinese President Xi Jinping said China is now standing at a new historic starting point of development, when delivering a speech at the Business 20 (B20) summit.
Addressing the B20 summit in Hangzhou, he said China is standing at a new starting point for comprehensively deepening reform and injecting new impetus in economic and social development, adapting to the new normal of economic development and transforming economic development mode, as well as deeply interacting with the world.
China is confident and capable of keeping growth at medium-high speed and continuing to provide the world with more development opportunities while realizing its own development, he said.
Proceeding from this new starting point, China will unswervingly deepen reform in a comprehensive manner, implement innovation-driven development strategy, pursue green development, deliver more benefits to the people and further open up to the world, Xi said.
Xi also called China’s reform and opening-up a great process.
He said, firstly, it is a process of exploration. There has been no precedent in human history for a country with a population of over 1.3 billion to realize modernization. Secondly, it is a process of action and hard work. China has been firmly taking economic construction as the center. Thirdly, it is a process of common prosperity. Development for the people, by the people and to the benefit of the people -- is the fundamental purpose of China's reform and opening-up and its modernization drive. Lastly, it is a process during which China has been walking towards the world and the world has been walking to China, said the president.