Dear Richard D. Parsons, distinguished guests, ladies and gentlemen, Good evening! I am very delighted to be with you here to join in the opening ceremony of the FORTUNE Global Forum in Beijing on this beautiful evening. To begin with, I'd like to, on behalf of the Chinese government，翻譯, and also in my personal name, to express my sincere wele to all of you, and congratulations to the forum sponsor, Time Warner Inc.! The forum, themed "China and the New Asian Century", show the great concern over the prospects of development of China and Asia, and the roles of China and Asia in the global economy. It also indicates that with surging economic globalization, China and Asia are quickly being a new growth engine for the world while the global boom is also generating more important opportunities for China and Asia. Continued mutually-beneficial economic cooperation and rising interdependence among the world's countries will usher in an even better future for global economy in development.
Ladies and Gentlemen, China is an ancient civilization with a history dating back over 5,000 years. The Chinese people have made a major contribution to human progress by creating the splendid Chinese civilization with hard work and ingenuity. The city of Beijing, with its long history of over 3,000 years, stands testimony to that effort. It became the nation's capital over 800 years ago. A short distance from the Great Hall of the People, where we are in right now, is the world-renowned Forbidden City. First built some 600 years ago, the former Imperial Palace is the largest and most plete existing ensemble of ancient royal architecture in the world. From Beijing's time-honored past and the majestic Forbidden City itself, people can learn vividly the originality, greatness and profound richness of the Chinese civilization and feel for themselves the vigor, resilience and pioneering spirit of the Chinese nation. Beginning in the mid-19th century, China was reduced to dire misery as the country suffered one humiliating defeat after another and the people languished in poverty and starvation as a result of brutal foreign aggressions and corrupt and inpetent feudal rulers. Refusing to submit to a fate of agony and woe, the Chinese people fought back persistently and finally built up a New China under the leadership of the Chinese munist Party. Since 1949, when the New China was proclaimed, and particularly since the implementation of 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 rural poor 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 of one mind on the road of building socialism with Chinese istics.
