China's economic, social development blueprint a chance for world

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Chinese Foreign Minister Yang Jiechi said Wednesday China's economic and social development blueprint for the next five years will bring opportunities for the world.

"The 12th five-year program, which lasts from 2011 to 2015, will not only be an opportunity for China, but also bring opportunities for the Asia-Pacific region and the world at large," Yang said at an international forum on the Asia-Pacific and China's policy.

Yang said the opportunities include market growth and two-way investment.

"China will import more commodities over the coming five years and foreign countries will enjoy increased business opportunities from that," Yang said at the Lanting Forum in Beijing, which was hosted by the China Institute of International Studies.

He pledged the Chinese government will create a fair environment for competition between Chinese and foreign companies while encouraging Chinese enterprises to invest abroad to boost employment for local communities.

"We hope to contribute to multilateral connections in Asia, Africa and other parts of the world," Yang said, referring to the regional transportation networks of road, rail and ports.

He said Asia's overall economic strength has grown remarkably, with some economic organizations predicting that it may account for 50 percent of the world economy by 2050.

Asia's soft power such as human resources, culture, science and technology will also support the continent's sustainable development, he said.

In the new energy sector, Yang said China will cooperate with all countries to bolster recycling and the green economy.

The Communist Party of China Central Committee in October outlined China's national development plan for the next five years. It is expected to be adopted by the National People's Congress, the nation's legislative body, in March next year.

Its key objectives are restructuring the economy and improving people's living standards across the nation.

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