To ensure stable economic performance, we will be more proactive on the basis of maintaining overall policy stability. As a next step, we will further enhance reform and innovation. In addition to removing systemic obstacles, we will also address structural problems by strengthening weak links in development and in the real economy. For example, on finance and credit, we will make good use of both existing and additional resources to support the development of agriculture, rural areas, farmers, small and micro-enterprises, emerging industries and other forms of the real economy. We will continue to advance major livelihood and development projects such as railways in Central and Western China, renovation of urban run-down areas, water conservancy and pollution prevention and treatment, and make efforts to increase the supply of public goods. With the strong driving force of reform and innovation, we have every confidence that we could achieve the main targets for this year's economic and social development.

The Chinese economy has been growing in a sustained and rapid manner for over 30 years, and it still has ample source of energy for future development. It has a bright prospect, thanks to its strong resilience of growth, as well as the huge market space and ample room for leverage. Many of you are old friends of the Chinese business community. As you may have noticed, China does have a number of advantages such as improved human resources, well-developed infrastructure, industries, capitals and technologies, and strong risk-resistance capability. Yet to know a country like China well, one also needs to see more than that, as China is a big country with over 1.3 billion people and there is uneven development between the urban and rural areas and among different regions. Much remains to be done before we could realize industrialization and urbanization. The broad space in China's rural areas and inland provinces allows the economy to grow in an incremental and gradual manner, and these are where we find still a huge potential for development. As I see it, reform and innovation is the best "excavator" to bring out the potential. The diligent and hardworking Chinese people are making innovations on the system and science and technology development through their own wisdom, thus ensuring that the Chinese economy will maintain medium to high growth rate and move to the medium-and-higher end of growth.

China's development is open development. The Chinese economy cannot develop without the world, and prosperity of the global economy also needs China. The Chinese economy will not head for a "hard-landing" as some have worried about. On the contrary, it will bear positively on the global economy, and serve as a significant force propelling world economic recovery. That, I believe, is conducive to China-Europe business cooperation and ensures mutual benefit and win-win outcomes in our cooperation.

China's development requires a peaceful international environment and a stable neighboring environment. As the global political and economic environment remains complex, China makes a major force for upholding world peace, and China is committed to upholding stability and security at the regional level. China hopes that countries may join hands, respect and live in peace with each other and seek to achieve common development.