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China attaches great importance to its traditional friendship with Vietnam and views bilateral ties from a strategic height and long-term perspective, said Xi.

Xi said China, as the world's second largest economy, has the confidence and ability to sustain a medium-high growth rate and continue to create development opportunities for other countries.

Explaining China's selection of the theme and priorities, Xi noted that although the world economy has walked out of crisis, the recovery remains highly fragile and growth underpowered.

Highlighting innovation, the proposals, which aim to transform China's growth pattern from an investment, export-led economy to a domestic consumption, services-driven one, would boost demand for greener energy resources, and bring new opportunities to promote growth worldwide.

Second, we need to give a greater play to production-capacity cooperation. The CEE region now faces the task to upgrade its transportation, electricity and other infrastructure as well as industrial equipment. However, due to the lack of funding and other constraints, the market demand is yet to be unlocked. Some developed countries may have advanced key technologies and equipment, but their equipment sets and products are fairly expensive. China, on its part, has quality production capacity in automobile, iron and steel, shipbuilding, chemicals, port equipment, construction machinery and can offer quality products at relatively low cost. And China is strong in construction capacity and supporting services and can meet the environmental standard of CEE countries. To develop three-way cooperation by combining China's quality production capacity with CEE countries' development needs and the key technologies of the western European countries will not only enable CEE countries to speed up development and create more jobs at a lower cost and to boost industrial upgrading in China, but also contribute to more balanced development within Europe and accelerate European integration. China is also willing to discuss with the Baltic countries the possibilities of cooperation in high-speed railway construction and may consider purchasing some key equipment from western European countries. During my visit to France last June, the two countries reached an agreement on jointly exploring third-party market for nuclear power cooperation. A combination of China's strong equipment manufacturing and supporting services and the advanced French nuclear safety technologies will offer a good value-for-money nuclear power solution with sound safety standards. China is also ready to respond to the aspirations of CEE countries to connect the Baltic, Adriatic and Black seas. Cooperation may start with the upgrading of ports, including the development of industrial clusters at ports where conditions allow.