China’s growth powers world economy: vice premier

Beijing, March 24 (IANS) Chinese Vice Premier Zhang Gaoli said Sunday that China’s development will provide more opportunities and stronger impetus for the world economy.

Zhang made the remarks at the China Development Forum, which was initiated in 2000 by the Development Research Centre of the State Council, China’s cabinet.
The forum serves as a significant platform for business and academic leaders to interact with China’s decision makers and economic planners.
This year’s forum is scheduled from Saturday to Monday with the theme of “deepening China’s reform and opening up for building a better-off society”.
China aims to fulfill the building of a moderately prosperous society by 2020.
After realizing this target, China will witness significant boost in its overall strength, a much larger market scale and remarkable improvement of people’s livelihood, Zhang said.
“China will then provide more opportunities, greater impetus and make new contributions to global economic growth,” Zhang said.
In 2012, China attracted a total of $111.72 billion in foreign direct investment. Total trade volume reached $3.87 trillion, up 6.2 percent from a year earlier.