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And its vision of open, inclusive and win-win cooperation bringing prosperity to the world's foremost inner lands has gradually been translated into an inspiring reality.

"With all this done, I am sure China's companies will take more than half the space in the Fortune 500," said Zhao.

We will transform and upgrade the economy through opening-up. Opening-up, being one kind of reform itself, will in turn spur reform efforts. No matter how developed China will become, it will always need mutual-learning with the rest of the world, and it will open still wider to the outside. We will enhance our open economy, open wider the service sector and general manufacturing sector, provide more investment opportunities to foreign businesses and foster a fairer, more transparent and predictable investment environment. All companies registered in China, Chinese-funded, foreign-funded, joint ventures or independently-owned, will be treated as equals. Their legitimate rights and interests will be protected, and they will have access to better public services. Facing the current complexities and fluctuations in the international financial markets, China will adhere to a managed, floating exchange rate regime based on market supply and demand with reference to a basket of currencies. The fundamentals of the Chinese economy determine that there is no basis for persistent depreciation of the RMB. We have the capacity to keep the RMB basically stable at an adaptive and equilibrium level. China is committed to peaceful development and a win-win strategy of opening-up. We stand ready to work with all other countries to promote inclusive and balanced growth as well as green and sustainable development.

Wang asked local authorities to ensure that the poor population have adequate food, clothing and safe accommodation, and have access to compulsory education and basic medical care.

While rejecting the award, the Chinese Foreign Ministry also reiterated that China will continue to work with directly concerned countries to resolve the relevant disputes in the South China Sea through negotiations and consultations.