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Second, we need to jointly promote economic growth. Emerging economies and developing countries now account for 40% of the global economy. They once contributed up to two thirds of the growth of the world economy, and played a major role in the global efforts to tackle the 2008 financial crisis. But things have been tough over the past two years, as some of them have experienced significant economic slowdown and even negative growth. Asia, which is home to the largest number of emerging economies, has on the whole maintained a strong growth momentum. Last year, the growth of developing economies in Asia reached 6.5% and accounted for 44% of global growth. Therefore, Asian nations should enhance confidence, foster new impetus of growth from within, and stimulate vitality to play a bigger role for economic recovery not only in this part of the world but also globally. It is our hope that countries in the world will join hands to deepen cooperation, form synergy, strengthen macro-policy coordination, oppose trade protectionism of all forms, adopt more growth-friendly policies, and try to avoid the spillover effect of the policy adjustments in certain countries. China proposes establishment of an Asian Financial Cooperation Association, and China stands ready to work with all parties to improve Asia's financial market and prevent massive regional financial turbulence from happening again.
As the world's largest trade in goods nation and the largest South China Sea littoral state, China "cares more about navigation safety and freedom in the South China Sea than any other country," said Hua.

The 13th Five-Year Plan for the 2016-2020 period, approved on Wednesday by the National People's Congress (NPC), China's parliament, is a new chance to examine how the world's second largest economy forecasts its future, plans its goals, deal with challenges and transform itself.
Obstacles such as shrinking corporate profits, declining producer prices, lower tax revenues and higher financial risks are on the road. Driving fast over these bumps is dangerous and would do real damage to the car.
As long as it goes no slower than 6.5 percent, it will arrive on time at the next stop -- a place called Well-off Society. China is aiming to get there by 2020.
来源:资阳报