News agency
Bloomberg has quoted Hu Jintao, from a speech made at the Sweden-China Trade Council at the Grand Hotel in Stockholm, as saying: "China remains the largest developing country in the world, and it needs to make long-term and hard efforts to modernize itself. The most pressing task facing China is to grow its economy and increase people's welfare."
Hu emphasized that he is committed to sustainable development of China's economy.
President Hu's economic outline included:
• Reducing 'energy intensity' by 20 per cent through 2010
• Increasing opportunities for foreign businesses
• Improving laws and provide legal protection for intellectual property rights
• Continuing to open up the service industry in areas such as banking, insurance, and securities
President Hu also stated that his country is firmly committed to peaceful development. The dinner hosted by the Sweden-China Trade Council was attended by top directors from Swedish companies such as Ericsson, Ikea and Volvo. Hu said China was committed to sustainable development:
"We will continue to follow the scientific thinking on development that is people-oriented and calls for comprehensive, balanced and sustainable development," he said.
China is the second-biggest emitter of greenhouse gases after the US, and the International Energy Agency expects its emissions to overtake the US by 2010. Beijing has insisted it is committed to fighting climate change but has maintained that its economic development must come first and that rich nations should shoulder the main burden.
Mr Hu reiterated that China would by 2010 "reduce energy intensity by 20 per cent, cut discharge of main pollutants by 10 per cent and increase forest cover from 18.2 to 20 per cent".
Interesting, very interesting: I like to think of myself as an optimist. So if he says it, will they do it? And if they don't do it, then we are all in dire straits, right? I mean, deep
DEEP trouble. So, how can we make sure they do it? Any ideas...? I have a feeling that whatever
we do, will have a deep impact on whatever
they do. There is just no other way.