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October 1, 2009 - No. 179

All Glory to the Chinese People!
Hail the Sixtieth Anniversary of the
People's Republic of China!


A grand performance is staged at Tian'anmen Square in central Beijing during an evening gala as part of celebrations for the 60th anniversary of the founding of the People's Republic of China, October 1, 2009.

All Glory to the Chinese People! Hail the Sixtieth Anniversary of the People's Republic of China!
Chinese President Calls for Unity for Nation's Development
Civilian Pageant Highlights China's 60-Year Rise to World Stage - Xinhua

For Your information
The Chinese People Have Stood Up! - Mao Zedong, First Plenary Session, Chinese People's Political Consultative Conference, September 21, 1949 (excerpts)

64th Session UN General Assembly
Unite as One and Work for a Bright Future - Hu Jintao, President, People's Republic of China


All Glory to the Chinese People!
Hail the Sixtieth Anniversary of the
People's Republic of China!


Left: 60th anniversary celebrations in Tien'anmen Square, October 1, 2009. Right: Chairman Mao Zedong formally declares the establishment of People's Republic of China during a ceremony at Tian'anmen Square, October 1, 1949.

Sixty years ago, Mao Zedong stood before a vast throng of jubilant people in Tiananmen Square and declared the founding of the People's Republic of China.

"The Chinese people have stood up!" Mao proudly proclaimed. They had won their right to be through their own sacrifice and blood.

In liberated Beijing, capital of the courageous Chinese people, Mao Zedong spoke to the entire world:

"The era in which the Chinese people were regarded as uncivilized is now ended. We shall emerge in the world as a nation with an advanced culture. Our national defence will be consolidated and no imperialists will ever again be allowed to invade our land. [...] Let the domestic and foreign reactionaries tremble before us! Let them say we are no good at this and no good at that. By our own indomitable efforts, we the Chinese people will unswervingly reach our goal. The heroes of the people who laid down their lives in the People's War of Liberation and the people's revolution shall live forever in our memory!

"Hail the victory of the People's War of Liberation and the people's revolution!

"Hail the founding of the People's Republic of China!"*

The leader of the Communist Party of China and the people of China announced to the world that the People's Republic of China was born with the defeat of the traitors and foreign occupiers. The Chinese people with arms in hand, organized and led by the Communist Party and People's Liberation Army had broken the back of the colonialist and imperialist invasion and occupation of China.

The Chinese revolution overthrew the forces of darkness and oppression based on the exploitation of the great masses of Chinese peasants and the plunder of China's wealth by foreign imperialists. The revolution laid the foundation for the transformation of China into a modern country with a mass industrial socialized economy, where a proletariat emerged as the leading and main force for change and contender for political power.

The victory of the Chinese revolution formed a block to the expansion of the U.S. Empire in Asia and the re-emergence of Japanese militarism. The People's Republic of China assumed its rightful place within the international community of nations with its own nation-building project independent of European and U.S. imperialism. This sent shockwaves throughout the world and gave confidence to millions of Chinese emigrants who had long suffered state-organized racist attacks. They now had a homeland that cared for their well-being and would not be silent in the face of racist abuse and exploitation. This great humanity moved forward and put the ugly term "coolie" in the dustbin of history alongside other derogatory terms for human beings used by exploiters, imperialists and slave masters.

The victory of the founding of the People's Republic of China exposed U.S. imperialism for its true nature. The role of the U.S. in arming the Kuomintang reactionaries and directly intervening to stop the advance of the Chinese revolution smashed illusions generated by those espousing U.S. exceptionalism, that somehow U.S. imperialism was not aggressive and expansionist. The founding of the People's Republic of China, in spite of the efforts of U.S. imperialism to thwart the advance of the Chinese people, exposed in practice that the United States was in Asia as an empire-builder and not for the freedom and independence of the peoples of Asia from colonialism and not for progress over petty production, backwardness and poverty. U.S. imperialism's violent intervention and opposition to the Chinese revolution revealed that the U.S. was not a factor for peace and progress. The U.S. did not fight Japanese militarism to free Asia from the scourge of occupation, war and imperialist robbery. It engaged in the anti-Japanese war for its own narrow purposes and advantage to expand its empire, capture for itself Asia's natural resources and markets, and enslave as chattel labour the peoples of that great continent. This became clear with the attempts of the U.S. to smash the Chinese revolution, its occupation of Taiwan, Korea and Japan, the creation of permanent military bases throughout Asia, the positioning of its naval forces directly off the coast of China and the formation of a military pact with the same forces of Japanese militarism, which had just been defeated. The U.S. quickly assumed the defeated and discredited mantle of Japanese militarism and unleashed it against all those who stood in the way of its empire-building. The peoples of Asia inspired by the victory of the Chinese revolution and confident in their own cause for independence have since waged battle after battle against U.S. imperialism.

China's consolidation as an independent nation-building project with its own modern socialized economy has transformed not only the Chinese nation but also the world. China showed humanity that the way forward for developing countries in their struggle to transform their economies from petty to mass industrial production and to overcome backwardness and foreign oppression is through independence not only from direct colonial rule but also from imperialism. To rely on the centres of imperialism in the United States, Europe and Japan and their countless threads of exploitation, and not mobilize the people to overthrow their control is a dead end that leads to greater and more pernicious forms of oppression and exploitation. The People's Republic of China has proved that all countries during the period of transformation from the old forces of petty production to modern industrial production must at the same time free themselves from the imperialist system of states. They must have their own nation-building projects based on their own thought material and efforts and wrest control of their economies from the big powers. This truth is proved time and again when the imperialist centres in Europe, the United States and Japan attack any sign of independence within any country in the world. They do not want countries to follow the example of the People's Republic of China and become a further block to empire-building. This reality of anti-imperialist struggle once grasped, as it was in China under the leadership of the Communist Party, becomes a material force for liberation and change. Independence from the imperialist system of states can only emerge with the maximum political mobilization of the people to wage struggle in opposition to imperialism. Independence is never delivered on a silver platter without a fight. This reality also explains why the imperialists still dream of undermining the Chinese people and re-conquering them once again. But the forces of progress and change will not allow it.

The momentum and focus of humanity, led in many ways by the victorious example of the People's Republic of China and enforced by the battles of all nations for their right to be, has begun to swing away from Europe and the United States. The peoples of Asia, Africa, Central and South America, the Caribbean, Mexico and others refuse to be bullied and dominated by the European powers, U.S. imperialism and Japanese militarism. This great humanity has said "enough" and is marching on the road of progress and the negation of imperialism. For this, the world gives thanks to the heroic contributions of the Chinese people led by Chairman Mao Zedong and the Communist Party of China.

All Glory to the Chinese People!
Hail the Sixtieth Anniversary of the People's Republic of China!

* Quotation from Mao Zedong's "Opening address at the First Plenary Session of the Chinese People's Political Consultative Conference" September 21, 1949.

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Chinese President Calls for
Unity for Nation's Development


Chinese President Hu Jintao addresses grand rally in Tian'anmen Square, Beijing, October 1, 2009.

On the occasion of the 60th anniversary of the founding of the People's Republic of China, mass celebrations took place across China, with the main ones being held at Tian'anmen Square in Beijing.

The Beijing festivities included a military parade of 5,000 soldiers, a 2,000 member military band and a civilian pageant with 180,000 participants. After reviewing the assembled troops, Chinese President Hu Jintao addressed the rally where he called on the Chinese people to unite more closely to build a "rich, strong, democratic, civilized, harmonious and modernized socialist country."

History reveals that China's development has never been plain sailing, Hu said, adding, "But people who have their destiny in their own hands and are united will overcome all difficulties and obstacles and continuously make great historic achievements."

Looking into the future, Hu stated that China has "infinitely bright prospects." He called on the whole of the Communist Party, the armed forces and people of all ethnic groups to unite more closely and make unremitting efforts for the lofty goal of building a rich, strong, democratic, civilized, harmonious and modernized socialist country, realizing the great rejuvenation of the Chinese nation and making new contributions to humankind.


Celebrations for 60th anniversary of the founding of the People's Republic of China, in Beijing October 1, 2009.
Left: Navy cadets. Right: Militiawomen receive inspection.

"The development and progress of New China over the past 60 years fully proved that only socialism can save China and only reform and opening up can ensure the development of China, socialism and Marxism," Hu said. The Chinese nation, which has a history of more than 5,000 years, had entered a new era of development and progress since Chairman Mao Zedong pronounced the founding of the People's Republic of China on the same day 60 years ago, he said.

The Chinese people have since made great achievements that have attracted world attention guided by the three generations of Party leadership with Mao Zedong, Deng Xiaoping and Jiang Zemin at the core, as well as the 16th and 17th CPC Central Committees, the president said.

"Today, a socialist China geared to modernization, the world and the future has stood rock-solid in the east of the world," said Hu. The people from all ethnic groups "cannot be prouder of the development and progress of our great motherland," he said.

(Xinhua)

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Civilian Pageant Highlights China's
60-Year Rise to World Stage

Civilian formations marched in Tian'anmen Square as another centerpiece of the National Day fete marking the 60th birthday of the People's Republic of China.

Leading the mass pageant was the formation presenting the national flag and national emblem. A total of 1,949 young men held up and escorted the flag, the largest-yet displayed during China's national day parades in Tian'anmen. The flag weighs about 150 kilograms and covers nearly 600 square meters, bigger than a basketball court.

In succession, four giant portraits of late Chinese leader Chairman Mao Zedong, chief architect of China's economic reform Deng Xiaoping, former President Jiang Zemin and incumbent Hu Jintao, were carried through the square escorted by some 36,000 paraders.

Their voice recorded at significant historical moments, from Mao's proclamation of the founding of the central government to Hu's calling for the building of a comprehensive well-off society, was replayed during the procession, illustrating their outstanding leadership and wisdom.

The portraits were accompanied by floats featuring different themes, including "self-reliance" for the Mao period, "reform and opening-up" for Deng's era, Jiang's "three represents" and Hu's "scientific development."

China's early leaders, especially Mao, are still well remembered by the public. A new portrait of Mao replaced an old one hanging over the gate of the Tian'anmen Rostrum before the National Day.

On the opposite of the square was a newly erected portrait of Dr. Sun Yat-sen, a forerunner of the Chinese democratic revolution. The two great men fixed their eyes upon the joyful crowds and the once-in-a-decade celebration.

Deng was most renowned for masterminding the reform and opening-up drive, which saved China from an economic breakdown after the chaotic 10-year Cultural Revolution (1966-1976) and ushered in an amazing economic development that earned respect from the world.

In Jiang's period, he proposed the important thought of "three represents," requiring the Communist Party of China to always represent the development requirements of China's advanced social productive forces, the progressive course of China's advanced culture and the fundamental interests of the overwhelming majority of the Chinese people.



While the portrait of Hu Jintao filed past the center of the square, Hu's remark -- "work hard to achieve new victories in building a moderately prosperous society in all respects and write a new chapter of a happy life for the people" -- was broadcast, depicting a bright prospect for the Chinese.

The remark was delivered at the CPC's 17th National Congress on Oct. 15, 2007, which endorsed the doctrine of Scientific Outlook on Development in the CPC's Constitution and unveiled the Party's determination to promote more coordinated development on the basis of social harmony, environmental protection and energy conservation in addition to economic expansion.

Following the portrait phalanxes, or the first chapter of the civilian pageant, were 43,000 people from all walks of life and 19 floats, featuring China's achievements ranging from agriculture, industry to democracy, space program, education, science and sports.

Earth-shaking changes have taken place, especially since China implemented the reform and opening-up drive.

The agriculture formation reflected China's highly improved grain production capacity that feeds the 1.3 billion population. China has become the world's top producers of various kinds of farm products, with grain output hitting 528 million tonnes and poultry production topping 72.80 million tonnes in 2008.

The industry formation reminded people of how the moribund industrial sector survived the disastrous Cultural Revolution era and was transformed into a powerful production force, that finally turned China into the world's workshop. The country, which had to import even a box of match 60 years ago, is exporting goods from lighters to satellites to more than 200 countries in the world.

Trailing after were formations featuring China's pursuit of clean energy and increasing efforts in environmental protection. Floats carrying sculptures of trains, airplanes and automobiles revealed the country's expanding traffic infrastructure and increasing demand for renewable energy to prevent severe environmental degradation.

Paraders dressed in dark blue working uniforms in the formation illustrating China's ambitious space program marched along with a float carrying a domestically-built rocket and a huge terrestrial globe.

China's first space walker Zhai Zhigang showed up on a float along with four other colleagues who have entered space aboard the Shenzhou series spaceships.

Students from various universities, sports stars including famous hurdler Liu Xiang, legendary gymnast Li Ning and gold medalists of the 2008 Beijing Olympics, were among some other formations, showcasing the achievements in education and sports.

The procession also recalled people's sadness about the devastating floods in 1998 and the 8-magnitude earthquake that mainly hit Sichuan Province last year, but also highlighted the Chinese people's indomitable spirit in overcoming difficulties.

A total of 8,500 paraders and 34 floats then filed along Chang'an Avenue, featuring the accomplishments and unique character of 31 mainland regions and Hong Kong, Macao and Taiwan.

The Taiwan float, carrying some sculptures of landmark constructions and two miniature airplanes flying from each side of a rainbow, highlighted the improved cross-Strait relations between the Chinese mainland and the island, which began direct air and sea transport links and postal services at the end of last year.

In the final part of the civilian pageant, the Chapter of the Future, thousands of children and Young Pioneers and a simulated boat passed the Tian'anmen Rostrum, conveying the message that children are the future of the country and will carry on the cause of socialism with Chinese characteristics.

With 60,000 doves of peace and numerous colored balloons released into the sky, the children surged toward the Golden Water Bridge at the north of Tian'anmen Square, bringing the parade to a climax.

The vast square turned into a sea of color and joy. State leaders standing on the Tian'anmen Rostrum waved greetings to the cheering audience and performers in the square.

The mass military and civilian pageant lasted two and a half hours, thanks to considerate preparation, three months of hard training of all paraders, and strict security and traffic control measures.

A grand soiree including a fireworks display and group singing and dancing entertainment shows were held Thursday evening.

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For Your information

The Chinese People Have Stood Up!

... It is because we have defeated the reactionary Kuomintang government backed by U.S. imperialism that this great unity of the whole people has been achieved. In a little more than three years the heroic Chinese People's Liberation Army, an army such as the world has seldom seen, crushed all the offensives launched by the several million troops of the U.S.-supported reactionary Kuomintang government and turned to the counter-offensive and the offensive. At present the field armies of the People's Liberation Army, several million strong, have pushed the war to areas near Taiwan, Kwangtung, Kwangsi, Kweichow, Szechuan and Sinkiang, and the great majority of the Chinese people have won liberation. In a little more than three years the people of the whole country have closed their ranks, rallied to support the People's Liberation Army, fought the enemy and won basic victory. And it is on this foundation that the present People's Political Consultative Conference is convened. [...]


The land force of the Chinese People's Liberation Army marches through Tiananmen Square during the People's Republic of China's nation founding day parade on October 1, 1949.

In a little more than three years the Chinese people, led by the Chinese Communist Party, have quickly awakened and organized themselves into a nation-wide united front against imperialism, feudalism, bureaucrat-capitalism and their general representative, the reactionary Kuomintang government, supported the People's War of Liberation, basically defeated the reactionary Kuomintang government, overthrown the rule of imperialism in China and restored the Political Consultative Conference.

The present Chinese People's Political Consultative Conference is convened on an entirely new foundation; it is representative of the people of the whole country and enjoys their trust and support. Therefore, the conference proclaims that it will exercise the functions and powers of a National People's Congress. [...]

Fellow Delegates, we are all convinced that our work will go down in the history of mankind, demonstrating that the Chinese people, comprising one quarter of humanity, have now stood up. The Chinese have always been a great, courageous and industrious nation; it is only in modern times that they have fallen behind. And that was due entirely to oppression and exploitation by foreign imperialism and domestic reactionary governments. For over a century our forefathers never stopped waging unyielding struggles against domestic and foreign oppressors, including the Revolution of 1911 led by Dr. Sun Yat-sen, our great forerunner in the Chinese revolution. Our forefathers enjoined us to carry out their unfulfilled will. And we have acted accordingly. We have closed our ranks and defeated both domestic and foreign oppressors through the People's War of Liberation and the great people's revolution, and now we are proclaiming the founding of the People's Republic of China. From now on our nation will belong to the community of the peace-loving and freedom-loving nations of the world and work courageously and industriously to foster its own civilization and well-being and at the same time to promote world peace and freedom. Ours will no longer be a nation subject to insult and humiliation. We have stood up. Our revolution has won the sympathy and acclaim of the people of all countries. We have friends all over the world. [...]

Internationally, we must unite with all peace-loving and freedom-loving countries and peoples, and first of all with the Soviet Union and the New Democracies, so that we shall not stand alone in our struggle to safeguard these fruits of victory and to thwart the plots of domestic and foreign enemies for restoration .

The era in which the Chinese people were regarded as uncivilized is now ended. We shall emerge in the world as a nation with an advanced culture. Our national defence will be consolidated and no imperialists will ever again be allowed to invade our land. [...]

Let the domestic and foreign reactionaries tremble before us! Let them say we are no good at this and no good at that. By our own indomitable efforts we the Chinese people will unswervingly reach our goal.

The heroes of the people who laid down their lives in the People's War of Liberation and the people's revolution shall live forever in our memory!

Hail the victory of the People's War of Liberation and the people's revolution!

Hail the founding of the People's Republic of China!

Hail the triumph of the Chinese People's Political Consultative Conference!

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64th Session UN General Assembly

Unite as One and Work for a Bright Future

Mr. President,

Dear Colleagues,

Ladies and Gentlemen,

The World today is undergoing major development, major changes and major adjustments. The trend towards peace, development and cooperation, which represent the call of our times, has grown stronger than ever. As the world moves further toward multi-polarity and economic globalization, multilateralism and democracy in international relations have won greater popular support, while opening up and cooperation for mutual benefit and win-win progress have become the shared aspirations of the international community. Countries have become more interdependent.

At the same time, the world remains under the impact of the financial crisis and the prospects for an economic recovery are still not clear. Unemployment and poverty worldwide are worsening and development imbalances are more acute. Global issues such as climate change, food security, energy and resource security and public health security have been thrown into sharp relief. Non-traditional security threats, including terrorism, proliferation of weapons of mass destruction, transnational organized crime and major communicable diseases, are menacing our world. Some long-standing hotspot issues remain unresolved, and regional or local conflicts keep flaring up. The instability and uncertainties in the international landscape pose severe challenges to world peace and development.

In the face of unprecedented opportunities and challenges, we, members of the international community, should commit ourselves to peace, development, cooperation, common progress and tolerance and continue our joint endeavor to build a harmonious world of enduring peace and common prosperity and contribute to the noble cause of peace and development of mankind.

First, we should view security in a broader perspective and safeguard world peace and stability. The security of all countries has never been as closely interconnected as it is today, and security now covers more areas than ever before. Traditional and non-traditional security threats are intertwined, involving political, military, economic, cultural and other fields. They are our common challenges that require a joint and comprehensive response. Security is not a zero-sum game, and there is no isolated or absolute security. No country can be safe and stable in the absence of world and regional peace and stability.

We should embrace a new security thinking of mutual trust, mutual benefit, equality and coordination. While maintaining one's own national security, we should also respect the security concerns of other countries and advance the common security of mankind. We should adhere to the purposes and principles of the Charter of the United Nations and seek peaceful solutions to regional hotspot issues and international disputes. There should be no willful use or threat of force. We should support the United Nations in continuing to play an important role in the field of international security. We should follow the spirit of equality, mutual benefit and cooperation to preserve global economic and financial stability. And we should oppose terrorism, separatism and extremism in all manifestations and deepen international security cooperation.

China has consistently stood for the complete prohibition and thorough destruction of nuclear weapons and a world without nuclear weapons. We call on the international community to take credible steps to push forward the nuclear disarmament process, eradicate the risks of nuclear weapons proliferation and promote peaceful use of nuclear energy and related international cooperation.

Second, we should take a more holistic approach to development and promote common prosperity. The deepening economic globalization has linked the development of all countries closely together. Without the development and equal participation of developing countries, there cannot be common prosperity in the world, nor a more just and equitable international economic order. The developing countries now face a deteriorating external environment, brought about by the international financial crisis. Their economies are slowing down and their development endeavors are beset by serious difficulties.

We believe that common development is an important way to redress global development imbalances and achieve sustainable development. The United Nations should increase its input in development, advance economic globalization in the direction of balanced development, shared benefits and win-win progress, and foster an international environment conducive to the development of developing countries. The international financial institutions should use their newly increased resources, first and foremost, to help developing countries move out of poverty and provide loans to them in a more flexible, diverse, convenient and efficient manner. Great effort should be made to increase the representation and voice of developing countries in reforming the international financial system.

We should take responsible measures to counter the international financial crisis, firmly oppose protectionism and actively work for an early, comprehensive and balanced outcome of the Doha Round negotiations. Developed countries should open their markets to developing countries and reduce or exempt tariffs for those countries. They should honor their ODA [overseas developmentt assistance] and debt relief commitments, and in particular, increase assistance for the least developed countries with a focus on tackling issues like hunger, health care and education.

For developing countries, self-reliance is essential. They should explore development models conducive to their development and poverty eradication efforts. It is also in their interest to increase trade and investment cooperation and open markets to each other and upgrade South-South cooperation.

Third, we should pursue cooperation with a more open mind and work for mutual benefit and common progress. Climate change, food security, energy and resource security and public health security are all global challenges and no country is immune from them. The only way for us to meet these challenges and ensure harmony and peace is to engage in closer international cooperation. We should aim for common progress, bearing in mind not only the interests of our own people but also those of the people of the whole world, and expand converging interests.

Climate change is one of the serious challenges to human survival and development and international cooperation is the key to tackling this challenge. We should keep to the United Nations Framework Convention on Climate Change and its Kyoto Protocol as the primary channel in addressing climate change, abide by the principle of "common but differentiated responsibilities," adhere to the mandate of the Bali Roadmap, and work for the success of the Copenhagen conference with a view to achieving mutual benefit and common progress.

Food and energy are vital to the livelihood, development and stability of all nations. We should increase input in agriculture, develop advanced technologies, curb market speculation, increase food assistance and intensify cooperation in agriculture and food. We should strengthen mutually beneficial cooperation in energy, step up research and development of new and renewable energies, put in place a system for the research, development and dissemination of advanced energy technologies and diversify energy supply.

The continued spread of Influenza A (H1N1) has presented a global health challenge confronting the entire international community. China is ready to provide help as its ability permits to other developing countries in the prevention and control of Influenza A (H1N1).

Fourth, we should be more tolerant to one another and live together in harmony. Mutual learning and tolerance among different civilizations is an inexhaustible source of strength for social progress, and all countries, big or small, strong or weak, rich or poor, are equal. We should acknowledge differences in cultural tradition, social system and values and respect the right of all countries to independently choose their development paths. We should vigorously promote and protect human rights, increase dialogue and remove misunderstanding. We should advocate a spirit of openness and tolerance and let different civilizations and models of development draw on each other's strength through competition and comparison and achieve common development by seeking common ground while reserving differences.

Mr. President,

Dear Colleagues,

The Chinese people will soon celebrate the 60th anniversary of the founding of the People's Republic of China. Sixty years ago, the Chinese people won independence and liberation after a prolonged hard struggle and became masters of the New China. Thirty years ago, the Chinese people started the historic journey of reform, opening up and socialist modernization. Since then, the Chinese society has shown unprecedented vigor and creativity. China's national strength has grown remarkably and the people are better off. China's development has contributed greatly to peace and development of the world.

History serves as the basis for further advance and provides inspiration for the future. We are keenly aware that China remains a developing country. The difficulties and problems we encounter are rarely seen in both scale and complexity. We have a long way to go before we can meet the target of building a well-off society in all respects that benefits over a billion people, and then achieving modernization and common prosperity for all. Bearing in mind our national conditions, we will continue to be committed to the path of socialism with Chinese characteristics, focus on economic development, unswervingly pursue reform and opening up, and promote all-round progress in the economic, political, cultural, social and environmental fields. Our development is for the people and by the people and its benefits are shared among the people. It is a scientific development that is people-oriented, comprehensive, coordinated and sustainable.

China's future is more closely interconnected with that of the world. A more developed China will make greater contribution to the world and bring more opportunities to the world. We are committed to the path of peaceful development and the win-win strategy of opening up. We will develop friendly relations and cooperation with all countries on the basis of the Five Principles of Peaceful Coexistence. China has always been and will continue to be a positive force for world peace and common development.

As a responsible and major developing country, China has always made common development an important aspect of its foreign policy. We have made great effort to provide support and assistance to other developing countries, and fulfilled our commitment under the UN Millennium Declaration. So far, we have given assistance to more than 120 countries, cancelled debts for 49 heavily-indebted poor countries and least developed countries, and extended zero-tariff treatment to commodities from over 40 least developed countries.

Since the outbreak of the global financial crisis, despite great difficulties, we have kept the RMB exchange rate basically stable, which is important to maintaining healthy international trade. We have taken an active part in the trade finance program of the International Finance Corporation and provided financing support to the IMF, which will be mainly used to help developing countries. We have signed bilateral currency swap agreements with some developing countries. We have established the China-ASEAN Investment Fund, provided credit support to the member states of the Shanghai Cooperation Organization, and actively contributed to the building of an East Asian foreign currency reserve pool.

To further assist developing countries:

China will increase support for other developing countries hit hard by the financial crisis, earnestly implement relevant capital increase and financing plans, intensify trade and investment cooperation and help raise the capacity of relevant countries for risk-resistance and sustainable development.

China will continue to implement the measures announced at the UN High-level Event on Millennium Development Goals to assist other developing countries in speeding up development and facilitate the attainment of the MDGs.

China will follow through on the measures to help African countries announced at the Beijing Summit of the Forum on China-Africa Cooperation, increase assistance to Africa, reduce or cancel debts for heavily-indebted poor countries and least developed countries in Africa, expand trade and investment, provide human resources and technological support for African countries in such areas as agriculture, health, education and disaster preparedness and reduction, and intensify personnel training tailored to African needs.

China will continue to participate in and promote regional monetary and financial cooperation, maintain financial and economic stability and push forward financial cooperation and trade in the region.

Mr. President,

Dear colleagues,

We are called upon by our times to unite as one and work together for mutual benefit and win-win progress like passengers in the same boat. This is the only way leading to common prosperity. Let's join hands, share development opportunities, rise above challenges and make unremitting effort to build a harmonious world of enduring peace and common prosperity!

Thank you.

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