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TOWN REINVENTED

The draft resolution proposed by France and Spain contains a number of important elements, such as the implementation of a ceasefire, a call for a political solution, the improvement of humanitarian situation and enhancing the efforts to combat terrorism, he noted.

Roberto Jaguaribe, president of the Brazilian Trade and Investment Promotion Agency, said BRICS' impact on global governance should be viewed from two aspects.

The seminar, held in Xi'an City -- a terminus of the ancient Silk Road -- has attracted about 300 guests from think tanks, media and business from around the world.

Since China adopted the reform and opening-up policy, the Chinese economy has maintained rapid growth to become the world's second largest economy in 2010. In recent years, the Chinese economy has been growing on a large base figure amidst global complexities as well as long accumulated underlying domestic issues. China has relied on reform and innovation to maintain a medium-high growth rate and accelerated economic transformation and upgrading. In the first half of this year, the growth rate was 6.7%, which was among the fastest in major economies. People's livelihood kept improving, personal income growth was basically in sync with economic growth, and over 13 million new urban jobs were being created on an annual basis. China's economic aggregate has exceeded US trillion. Every one percentage point of growth now equals several percentage points of growth before, and the yearly economic increment is tantamount to the economic aggregate of a middle-income country. China's contribution to global economic growth has been around 25%.