A technician inspects the surface of a stainless steel component at a factory of Shanxi-based Taiyuan Iron and Steel (Group) Co, which is staking its future on research and development efforts. [Photo provided to China Daily]
GDP growth
Over the past 40 years, China's GDP has averaged an annual growth rate of around 9.5 percent in comparable prices, Xi said.
The country's foreign trade has registered an annual growth of 14.5 percent in US dollar, Xi said.
Students attend class inside a new classroom at Mannashan Village in Bulangshan Town of Menghai County, Southwest China's Yunnan Province. A total of 524 people of the Bulang ethnic group live at the village and most of them have built new houses with the help of government under a policy of poverty alleviation. [Photo/Xinhua]
Poverty relief
"The Chinese people have emerged from a life of shortages and poverty and are now enjoying abundant supply and a moderately prosperous life," Xi noted.
According to current UN standards, more than 700 million Chinese people have been lifted out of poverty, accounting for more than 70 percent of the global total over the same period, he said.
Valuable 'Boao proposals'
With a focus on Asia and a global perspective, the Boao Forum for Asia has hosted active discussions and produced many valuable "Boao proposals" since its inception, Xi said.
The "Boao proposals" have helped build consensus in Asia, encourage cooperation, promote economic globalization and advance the building of a community with a shared future for mankind, said Xi.
Overview
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