China will remain most stable engine of global economy: FM

BEIJING, March 8 (Xinhua) — China will remain the most stable engine of the global economy, Chinese Foreign Minister Wang Yi said on Sunday.

Over the past five years, China’s economy has grown at an average annual rate of 5.4 percent, accounting for around 30 percent of global growth, greater than the contribution of the Group of Seven combined, Wang said at a press conference on the sidelines of the ongoing session of the national legislature.

As the world’s largest potential consumer market and the biggest emerging economy, China has better conditions supporting a positive long-term outlook and a stronger trend of sustainable growth, said Wang.

Noting that a country’s greatness lies in serving the greater good, he said China will expand high-standard opening up and act not only as “the world’s factory” but also “the world’s market.”

“China is strongly committed to supporting trade and investment liberalization and facilitation, keeping global industrial and supply chains stable and smooth, upholding the WTO-centered multilateral trading system, and defending a fair and open economic and trade order,” Wang said.

The world can count on China to deliver new contributions to strong and sustainable global growth, he added. ■