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WUHAN, Jan. 31 (Xinhua) -- Central China's Wuhan City, capital of Hubei Province, welcomes more foreign investors to invest and live in the city, the city's mayor said Wednesday.

The emergence of this beach resort is but one example of China's rise from an isolated and underdeveloped country to the world's second-largest economy. The magic formula for this is China's opening-up to the outside world and becoming actively involved in the globalization of the world economy.

The two sides should expand people-to-people and cultural exchanges, continue to consolidate foundation for friendship between peoples of the two countries; jointly promote regional economic integration, trilateral cooperation between China, Japan and South Korea, and infuse new vitality into economic cooperation in East Asia, he said.

In his message, Xi pointed out the traditional friendship between China and Spain, saying that the two sides have always respected each other's core interests and major concerns.

PUTTING POLICY INTO ACTION