双语：李克强在2014夏季达沃斯论坛开幕式致辞

爱思英语编者按：2014夏季达沃斯论坛开幕式9月10日在天津举行，中国国务院总理李克强出席开幕式上并发表特别致辞。他表示，中国全面深化改革未有穷期，政府带头自我革命，“开弓没有回头箭”。

Li Keqiang's speech at Summer Davos opening ceremon

Chinese Premier Li Keqiang on Wednesday delivered a speech at the opening ceremony of the Annual Meeting of the New Champions 2014, also known as the Summer Davos Forum.

致辞全文如下：

尊敬的施瓦布先生，尊敬的各国元首和政府首脑，尊敬的各位嘉宾，女士们、先生们，朋友们：很高兴和大家相聚在中国天津，共同出席第八届夏季达沃斯论坛。在此，我谨代表中国政府对论坛召开表示热烈祝贺！对远道而来的贵宾表示热烈欢迎！

本届论坛以“推动创新，创造价值”为主题，具有很强的现实意义。创新是人类社会的永恒话题，也是经济社会发展的不熄引擎。世界经济稳定复苏要靠创新，中国经济提质增效升级也要靠创新。近几年，中国经济之所以能够保持持续发展，向健康方向前进，主要动力还是来自于改革创新。

今年以来，世界经济形势错综复杂，发达国家经济复苏艰难曲折，新兴市场国家经济增速放缓，中国经济下行压力加大。我们坚持稳中求进的总基调，保持定力，主动作为，没有搞强刺激，没有放松银根，而是强力推动改革，大力调整结构，着力惠民生，保持了经济平稳运行。上半年，中国经济增长7.4%，居民消费价格涨幅2.3%。在增速放缓的情况下，1—8月，31个大中城市调查失业率保持在5%左右，城镇新增就业970多万人，与去年同期相比增加了10多万人。

在经济下行压力加大的情况下，就业不降反增，主要是改革发了力。本届政府成立以来，我们加快行政审批制度改革，各部门已取消和下放了600多项行政审批事项，今年又在全国推行商事制度等改革，企业准入的门槛降低了，“紧箍咒”松了，极大地调动了全社会创业兴业的热情。1—8月，新登记注册市场主体800多万户，其中3—8月工商登记制度改革后新登记注册企业同比增长61%，出现了所谓“井喷式”增长，带动了千万人以上的就业。我们不仅改革商事登记制度，而且推进投融资体制、税收、流通体制等领域的改革，进一步打开了服务业等新兴产业发展的闸门，对扩大就业起到了重要的“推进器”、“容纳器”作用。

中国经济的积极变化，不仅表现在就业增加和居民收入增长上，也体现在结构优化上。简政放权加上“定向减税”、“定向降准”等财税金融措施，有力地支持了服务业、“三农”、小微企业、民营企业和新兴业态的发展。上半年，电子商务、流通快递等新产业、新商业模式迅速增长；新登记注册服务业企业增幅达70%以上，第三产业增速和比重超过第二产业，在国民经济中处于领先地位；民间投资占固定资产投资比重同比提高1.4个百分点；高技术产业和先进装备制造业增长均快于工业整体增长。

结构调整深入推进，提高了经济增长质量。我们以改革创新为动力，一手抓压减过剩，尤其是淘汰落后产能，一手抓培育新的增长点，推进企业兼并重组，加大节能减排力度，促进了经济机体新陈代谢。上半年，高耗能、高排放行业投资和生产增速明显放慢，单位GDP能耗同比下降4.2%，碳排放强度下降5%左右，是多年来降幅最大的。实现同样的经济增长率，对煤电油运的依赖比以往小了。

经济总体平稳、稳中提质，重要的是在区间调控下实施了定向调控。我们抓住经济社会发展的关键领域和薄弱环节，更多运用改革创新的办法，聚焦在“激活力、补短板、强实体”上，精准发力，定向施策。这实际上是一种结构性调控，既包括改革，也包括调整。努力使市场在资源配置中起决定性作用，大力破除市场障碍；更好发挥政府作用，努力促进社会公平。我们积极平衡国内国外需求，协调区域发展，缩小城乡差距，稳定农产品供给。几个月来，加强了中西部铁路、棚户区改造、污染防治等民生和发展工程建设，扩大的都是长期制约我们平衡发展的“瓶颈”，有力地支持了新型城镇化，也有效增加了公共产品供给。

在经济运行的新常态下，我们保持定力、深处着力，更加关注结构调整等长期问题，不随单项指标的短期小幅波动而起舞。比如，7、8月份用电量、货运量等指标出现一些波动，这是难以避免的，也是预料之中的，因为国内外经济形势仍然复杂多变。而去年下半年，我们发展的基数又比较高。看中国经济，不能只看眼前、看局部、看“单科”，更要看趋势、看全局、看“总分”。我们坚持区间调控的基本思路，只要经济增速保持在7.5%左右，高一点，低一点，都属于合理区间。尤其应当看到，稳增长是为了保就业，调控的下限是比较充分的就业。

随着总量扩大，尤其是服务业发展迅速，经济增长的就业容量扩大了，对波动的容忍度也提高了。还要看到，中国经济有巨大韧性、潜力和回旋余地，我们采取的措施既利当前、更惠长远，有能力防范出现大的起伏，更不会发生“硬着陆”。当然，并不是说我们在发展中没有困难、没有挑战，相反，我们遇到的困难和挑战依然是艰巨的。

今年后四个月，我们将统筹稳增长、促改革、调结构、惠民生、防风险，不断完善和创新宏观调控思路和方式，在区间调控的基础上加强定向调控，推进结构性改革与调整，抱定壮士断腕、背水一战的决心，推动牵一发而动全身的重点改革，着眼长远解决眼前问题。一是继续从政府自身革命做起，进一步加大简政放权力度，深化财税改革，推进预算管理制度改革，使公共资金公平有效地使用。

继续支持服务业发展，尤其是扩大“营改增”试点；深化金融改革，推进民营银行试点工作，清理规范金融业准入限制，推进多层次资本市场发展；深化国有企业改革，推进价格改革，完善能源产品、药品和医疗服务价格形成机制；深化投资体制改革，推进政府购买服务、公私合作模式和特许经营制度。

二是继续围绕破解深层次结构性矛盾，进一步增加公共产品有效供给，以带动有效需求，补上投资的短板，扩大居民消费，拓展新的增长领域。三是继续用好和盘活财政金融增量与存量资金，进一步加大对实体经济和新兴产业、新兴业态的支持力度，更多惠及“三农”、小微企业、服务业。通过我们的努力，把“改革的红利”转化为“发展新动能”“民生新福祉”。中国有信心有能力也有条件不断克服前进中的困难，实现今年经济社会发展的主要预期目标。

女士们、先生们！中国还是一个发展中国家，必须始终坚持以经济建设为中心。发展是硬道理，是解决一切问题的根本。经济发展方式不转变不行，经济不适度发展也不行。当然，我们所说的发展，是就业和收入增加的发展，是质量效益提高和节能环保的发展，也就是符合经济规律、社会规律和自然规律的科学发展。

当前，世界经济不稳定不确定因素依然较多，中国经济正处于深层次矛盾凸显和“三期叠加”的阶段，到了爬坡过坎的关键时期。下半年和今后一段时间，我们要加快转变经济发展方式，以结构性改革促进结构性调整，用好创新这把“金钥匙”，着力推进体制创新和科技创新，使中国经济保持中高速增长、迈向中高端水平，打造中国经济升级版。

加快体制机制创新步伐，是创新的其中应有之意。中国经济每一回破茧成蝶，靠的都是创新。创新不单是技术创新，更包括体制机制创新、管理创新、模式创新，中国30多年来改革开放本身就是规模宏大的创新行动，今后创新发展的巨大潜能仍然蕴藏在制度变革之中。试想，13亿人口中多达8、9亿的劳动者都动起来，投入创业创新和创造，这是多么大的力量啊！

关键是进一步解放思想，进一步解放和发展社会生产力，进一步解放和增强社会活力，打破一切体制机制的障碍，让每个有创业愿望的人都拥有自主创业的空间，让创新创造的血液在全社会自由流动，让自主发展的精神在全体人民中蔚然成风。借改革创新的“东风”，在960万平方公里土地上掀起一个“大众创业”、“草根创业”的新浪潮，中国人民勤劳智慧的“自然禀赋”就会充分发挥，中国经济持续发展的“发动机”就会更新换代升级。

中国全面深化改革未有穷期，政府带头自我革命，“开弓没有回头箭”。我们将深化行政管理体制改革，力争用更短的时间完成取消和下放行政审批事项的五年任务，释放市场潜能和发展动力。如果说简政放权是激励市场活力、鼓励大众创业的“先手棋”，那么制度建设就是“连环炮”。一方面，要拿出完整的“权力清单”，政府应该干什么，“法无授权不可为”，这样才能防止公权滥用，减少寻租现象，使政府真正履行为人民、为大众服务的职责。另一方面，要给出“负面清单”，政府要让企业明了不该干什么，可以干什么，“法无禁止皆可为”，以形成公开透明、预期稳定的制度安排，促进企业创新活力充分迸发。还有一方面，就是要理出“责任清单”，政府该怎么管市场，“法定职责必须为”，以建立诚信经营、公平竞争的市场环境，激发企业动力，鼓励创新创造。

政府要加强事中事后监管，当好市场秩序的“裁判员”和改革创新的“守护神”。“只有拔掉杂草，稻谷才能长得茂盛”。宽容违法者，就是对守法者的不公，甚至会导致“劣币驱逐良币”的现象。对假冒伪劣、坑蒙拐骗、窃取商业机密等行为，不管是国内企业还是国外企业，都要一视同仁依法加以惩治。保护知识产权，就是保护发明创造的火种、维护创新者的权益。对严重侵犯知识产权的行为，更要依法惩处，包括实行巨额赔偿惩罚，使违法者付出难以承受的代价，为创新助力。

加大科技创新力度。中国经济总量虽然已居世界前列，但许多产业仍处在世界的中低端，传统的粗放式增长路径已经行不通了，必须更多地依靠科技进步调整结构。这是一种战略性、结构性、创新性调整。我们将坚持有扶有控、有保有压，培育壮大新产品、新业态，促进服务业、高技术产业、新兴产业加快发展；积极化解产能过剩矛盾，加快传统产业改造步伐，淘汰落后产能，提升中国产品和服务在全球价值链中的位置，使创新真正能够创造更高价值；加强人力资本投入，提高劳动者素质，提升产业技术、质量和品牌水平。特别是要通过加快改革，破除对企业，包括个体创新者的种种束缚，并且给他们以必要的扶持、职业的培训，推动教育的发展。

今天是中国的教师节，中国教育的发展是科技发展的基础。中国人不仅有勤劳的禀赋，也有智慧的源泉。在中国的劳动力当中，有数以亿计的各类专业人才和各类技能劳动者，大概将近2亿人。可以试想一下，如果这么多人，哪怕是大部分能够发挥他们的聪明才智，形成“万众创新”、“人人创新”的新形态，体力加脑力，制造加创造，甚至可以开发出先进的技术乃至于所谓颠覆性的技术，中国的发展就一定能够创造更多的价值，上新的台阶。

中国城乡和区域发展还很不平衡，差距大、潜力也大。推进以人为核心的新型城镇化，是最大的结构调整。我们将抓住世界新技术和产业革命机遇，加快“宽带中国”“智慧中国”等建设，发挥城市星罗棋布带动广阔腹地发展的作用，促进城乡一体化和区域梯度开发，实现新型工业化、信息化、城镇化和农业现代化同步发展；同时，大力发展民生事业，促进基本公共服务均等化，加强社会保障，包括为创业当中的失败者提供保障，这也是为他们再次创业提供机会。扩大居民消费，形成内需拉动经济增长的新动力。

中国经济还处于发展中阶段，但资源环境矛盾已经十分突出，必须加大节能环保力度。应对气候变化，既是中国作为一个负责任大国应尽的国际义务，也是我们自身发展的迫切需要。中国加强生态文明建设只会前进，不会倒退。我们已提出向污染宣战，并认真履行相应的国际责任，正在研究2030年前后中国控制温室气体排放行动目标，包括二氧化碳排放峰值、碳排放强度比例下降、非化石能源比重上升等。中国推进绿色、循环、低碳发展不仅有决心而且有能力，我们将紧紧依靠科技创新，进行艰苦卓绝、持续不断地努力，来加大环境治理的力度，加快发展节能环保产业，着力完成节能减排的任务，与世界各国一道为应对全球气候变化并采取实实在在的行动。

女士们、先生们！人类已进入经济全球化深入发展的时代，各国利益相互依存，彼此命运休戚与共，世界离不开中国，中国也离不开世界。中国实现“两个一百年”奋斗目标和中华民族伟大复兴的中国梦，将会给世界带来发展机遇和巨大市场。各国间不应是你输我赢、“零和博弈”，而应是双赢多赢、互利共赢，唯此世界才能繁荣进步。中国将坚定不移地走和平发展道路，中国是国际体系的积极参与者、建设者和贡献者。我们将致力于维护和平稳定的大环境，主张遵行国际关系的基本准则，以和平方式、政治手段解决地区冲突与热点问题。我们也愿与亚洲邻国一道不断深化合作，妥善处理分歧，维护稳定安全的大局，维护和平的秩序。我们倡导开放公平的全球统一大市场，支持多边自贸安排和双边自贸区建设“两个轮子一起转”，努力形成“面向全球的高标准自贸区网络”，反对各种形式的保护主义，更不赞成打贸易战。我们坚持实行更加积极主动的开放战略，完善开放型经济体系，重视稳定出口，也积极扩大进口，愿意加快服务业、沿边和中西部地区开放，保持外资政策稳定，而且会更加开放。我们将不断地优化和规范营商环境，继续吸引外国企业来华投资兴业，同时学习国外先进技术、成熟的管理经验和优秀文化成果，兼容并蓄、消化吸收。中国永远做一个开放的大国、学习的大国、包容的大国。从中国国情出发，努力建设成为一个创新的大国。

“大智兴邦，不过集众思”。也就是说，智慧来自于大众。我刚才强调的大众创业、万众创新将会迸发出灿烂的火花。我们比任何时候都需要改革创新，更需要分享改革创新成果。这用中国的成语说，所谓众人拾柴火焰高。希望与会各位畅所欲言，共同探索改革创新和开放发展之路，共同谋划创造价值与互利共赢之策，为中国经济社会发展、为世界繁荣进步作出我们应有的努力与贡献。

预祝本届夏季达沃斯论坛圆满成功！祝各位嘉宾在华期间工作愉快、身体健康！谢谢大家！

The following is the full text of Li's speech:

Creating New Dynamism Through Reform and Innovation
Address at the World Economic Forum
Annual Meeting of the New Champions 2014
By Premier Li Keqiang
10 September 2014

Dear Professor Klaus Schwab, Your Excellencies Heads of State and Government, Distinguished Guests, Ladies and Gentlemen, Dear Friends,

It gives me great pleasure to meet you here in Tianjin at the eighth Annual Meeting of the New Champions, or the Summer Davos Forum. On behalf of the Chinese government, I wish to extend warm congratulations on the opening of the Forum and a cordial welcome to all of you who have come from afar.

The theme for this year's Forum, namely "Creating Value Through Innovation", is a most relevant one. Innovation is an eternal topic of the human society and an inexhaustible engine driving economic and social development. Innovation is vital to the steady recovery of the world economy. Innovation is also essential to upgrading the Chinese economy and improving its performance. And it is thanks to reform and innovation that the Chinese economy has in recent years maintained steady and sound growth.

The global economic environment has remained an intricate one since the beginning of this year. The road to recovery in developed countries has remained bumpy. Growth in emerging market economies has slowed down, and the Chinese economy faces greater downward pressure. Facing this challenging environment, we have continued to follow the general principle of making progress while maintaining stability. We have stayed the course and pursued a proactive approach. Instead of adopting strong economic stimulus or easing monetary policy, we have vigorously promoted reform and economic readjustment, and made efforts to improve people's lives. As a result, we have maintained steady economic performance. In the first half of the year, the Chinese economy registered a 7.4 percent growth, and CPI rise was kept at 2.3 percent. Despite economic slowdown, between January and August, the surveyed unemployment rate was kept at around 5 percent in 31 big and medium-sized cities. More than 9.7 million urban jobs were created, which is over one hundred thousand more compared with the same period last year.

Despite growing downward pressure on the economy, more jobs were created, thanks to new steps of reform taken. Since the beginning of this government, we have advanced the reform of the administrative review and approval system. Government departments have removed or delegated to lower levels administrative approval on over 600 items, and this year, the business registration reform, among others, has been carried out nationwide. This has lowered the threshold for starting businesses and removed restrictions on them, thus giving a great boost to business development in the whole country. Between January and August, the amount of newly registered market entities was more than eight million, and from March to August, with the business registration reform, the number of newly registered businesses grew by 61 percent over the previous year, all pointing to a massive upsurge which has generated more than 10 million jobs. In addition to reforming the business registration system, we have also introduced reforms to investment financing, taxation and logistics systems, and further opened the gate for the development of the service sector and other emerging industries. All these measures have been vital in fostering and increasing job opportunities.

The positive changes in China's economy are not only reflected in the increase of jobs and residents' incomes, but also in the structural upgrading. We have streamlined administration, delegated powers to the lower levels, and adopted fiscal, taxation and financial measures such as targeted tax reduction and targeted reduction of required bank reserve ratio. All these measures have spurred the growth of the service sector, agriculture, rural area and the welfare of farmers, as well as small and micro-businesses, private businesses and emerging industries. In the first half of the year, new businesses and new business models such as logistics, express delivery and e-commerce all developed fast. The number of newly registered service businesses surged by more than 70 percent. The tertiary industry continued to outperform the secondary industry in terms of growth rate and share of GDP, and is a leading sector of the economy. The share of private investment in fixed asset investment increased by 1.4 percentage points year on year. High-tech industries and equipment manufacturing grew faster than the industrial average.

Deepening structural readjustment has improved the quality of economic growth. On the basis of carrying out reform and innovation, we have reduced overcapacity, eliminating outdated capacity in particular, and fostered new growth areas. In the first half of the year, the growth of investment and production of industries with high energy consumption and emissions noticeably slowed down. The per unit GDP energy consumption dropped by 4.2 percent year on year, and carbon intensity was cut by about 5 percent, the largest drop in many years.

We have managed to ensure steady growth and improve the quality of the Chinese economy by taking targeted, range-based macro-control measures. With focus on key areas and weak links of China's economic and social development, we have used more reform and innovation measures to incentivize market entities, strengthen weak links, boost the real economy and ensure that our efforts are well-targeted. This approach, which was also structural adjustment in nature, involved both reform and readjustments. We have strived to remove market obstacles and make the market play a decisive role in resources allocation. We have also endeavored to improve the role of the government and promote social equity. We have worked actively to balance domestic and international demands, coordinate regional development, narrow the gap between rural and urban areas and stabilize agricultural supply and demand. We have strengthened the construction of railways in central and western China, the renovation of rundown areas, as well as pollution control and prevention and other livelihood and development projects. We have actively tackled the bottlenecks that have long constrained China's balanced development. All of these have vigorously supported the process toward a new type of industrialization and effectively increased the supply of public goods.

Facing the new normal state of the global and the Chinese economy, we have remained level-headed and taken steps to tackle deep-seated challenges. We focused more on structural readjustment and other long-term problems, and refrained from being distracted by the slight short-term fluctuations of individual indicators. In July and August, electricity consumption, freight volume and other indicators fluctuated somewhat. That was inevitable and within our expectation. It was because the domestic and international economic situation was still complex and volatile and base figures for the second half of last year were relatively high. When observing the Chinese economy, one should not just focus on its short-term performance or the performance of a particular sector. Rather, one should look at the overall trend, the bigger picture and the total score. Judging by the principle of range-based macro-control, we believe the actual economic growth rate is within the proper range, even if it might be slightly higher or lower than the 7.5 percent target. In particular, we should realize that an important goal of maintaining stable growth is to ensure employment, and the floor of the proper range is to ensure relatively adequate employment. As the economic aggregate continues to expand, and in particular, as the service sector develops rapidly, growth will mean more jobs and there will be greater tolerance to fluctuations. We should also be clear that China's economy is highly resilient and has much potential and ample space to grow, and we have a full range of tools of macro-control at our disposal. The measures we have taken are good both for now and for longer-term interests, and will therefore enable us to prevent major fluctuations and make a "hard landing" even less possible. However, this is not denying that our development faces difficulties and challenges. On the contrary, we are indeed confronted with enormous difficulties and challenges.

In the four months ahead, we will coordinate the efforts to stabilize growth, promote reform, readjust the structure, improve people's livelihoods and prevent risks. We will continue to improve and innovate in the thinking and approaches of macro-control, strengthen targeted macro-control on the basis of range-based macro-control, promote structural reform and readjustments, carry out reforms in key areas of systemic importance with every determination to forge ahead and focus on addressing long-term problems. First, we will continue to press ahead with revolutionizing the government itself and further intensify efforts to streamline administration and delegate powers. We will deepen fiscal and taxation reform, promote reform of the budgetary management system so as to use public funds in an equitable and effective way, and continue to expand the pilot programs for business tax to VAT reform which is conducive to the development of the service sector, particularly the R&D companies. We will deepen financial reform, promote the pilot programs for non-state owned banks, sort out and standardize the limit requirements on access to the financial sector and develop a multi-tiered capital market. We will deepen the reform of state-owned enterprises. We will deepen price reform and improve the pricing mechanisms for energy products, medicine and medical services. We will deepen reform of the investment system and implement government purchase of service contracting, public-private cooperation models and franchise operation system. Second, we will continue to focus on tackling the deep-seated structural problems, further increase the effective supply of public goods to generate effective demand, strengthen weak links in investment, increase household consumption and nurture new growth areas. Third, we will continue to ensure efficient use of both the existing and the increase of fiscal and financial resources and further scale up support for the real economy and emerging industries and businesses, for the greater benefit of rural areas, agriculture and farmers, as well as micro-businesses and the service sector. These efforts are aimed at turning the gains of reform into new dynamism of development that would bring more benefit to the people. We have all the confidence, ability and resources to overcome the difficulties and realize the major goals of China's economic and social development in 2014.

Ladies and Gentlemen,

China is still a developing country. We must give top priority to economic development. Only development will deliver progress. Ultimately, it is only development that will resolve all the problems in China. We cannot advance without changing the growth model, nor can we advance without adequate development. Of course, the development we pursue should be one that promotes employment, increases incomes, improves economic performance and boosts energy conservation and environmental protection. It should be scientific development, namely, sound and balanced development that is in keeping with the laws governing economic activities, social development and nature.

Currently, there are many destabilizing and uncertain factors in the global economy, and China's economic development also faces an array of overlapping and deep-seated problems. It is in a critical stage where its path upward is particularly steep. In the latter half of the year and beyond, we will further accelerate the transformation of the development model, push forward structural readjustment through structural reform, make good use of the "golden key" of innovation and promote institutional innovation as well as innovation in science and technology. By so doing, we will be able to maintain a medium-high growth rate, move toward medium-high level of development, create more value and upgrade the Chinese economy.

We will accelerate the pace of institutional innovation. Innovation has been the ultimate cause of the leapfrog development of the Chinese economy. China's innovation involves not only technology but more of institution, management and growth models. China's reform and opening-up for the past three decades and more has in itself been a huge innovation drive, and the huge, untapped potential of innovation and development in the future still lies in institutional reform. Just imagine how big a force it could be when the 800 or 900 million laborers among the 1.3 billion population are engaged in entrepreneurship, innovation and creation. I believe the key to realizing that is to further liberate our mind, further liberate and develop the creativity of society, further energize businesses and the market, and remove all institutional obstacles to development so that everyone interested in starting a business is given more space for entrepreneurship and the blood of innovation could flow unhampered in a society where everyone is full of the spirit of self-development. When reform and innovation fuels the massive wave of entrepreneurship by the people and at the grassroots level on the land of the 9.6 million square kilometers of China, the enormous power of the diligent and resourceful Chinese people will be fully unlocked and the engine driving China's sustained economic development will constantly regenerate itself and remain powerful.

China's effort to comprehensively deepen reform is an ongoing process. The government is taking the lead in conducting a "self-targeted revolution". Just like an arrow shot, there will be no turning back. We will deepen the reform in the administrative approval system. We hope to complete the task of removing and delegating items subject to government approval, originally planned for five years, in a shorter period of time. This is to unleash the potential of the market and the driving force for development. If streamlining administration and delegating power is like taking a proactive move in the chess game, then introducing new systems is like a "serial blast". On the one hand, we should provide the list of government powers which defines the scope of what the government should do. Items not found on the list will be deemed as not permissible. Only in this way could we prevent the abuse of government power, reduce rent-seeking and ensure that the government better performs its duty of serving the people. On the other, a negative list should be formulated which defines areas off-limits to businesses. Items not found on the list will be deemed as permissible. Only by so doing could we build open and transparent systematic arrangements with stable expectations and bring about enterprises' vitality to the fullest extent. Moreover, we should formulate a list of government responsibilities to define how the government should regulate the market. All items on the list should be fulfilled by the government. Only by so doing could we build and sustain a market environment that favors honest operations and fair play, energizes businesses and encourages innovation and creativity. The government should enhance ongoing and ex-post oversight and perform its role well both as a referee of the market order and as a guardian of reform and innovation. As a saying goes, only by weeding out the barnyard grass can rice grow properly. Being lenient to law breakers is tantamount to doing wrong to law abiding people. It could even result in "bad money driving out the good". We will mete out stringent punishment to companies, domestic or foreign, that are involved in producing counterfeit, fake and shoddy products, engaging in fraud and deception, and stealing trade secrets. Protecting intellectual property rights is in fact protecting the kindling of innovation and creativity and the rights and interests of innovators. We will penalize serious IPR infringement to the fullest extent in accordance with the law, including imposing heavy fines to make law breakers pay insufferable prices, so as to propel innovation.

We will step up science and technology innovation. The Chinese economy is among the largest in the world, but in many sectors China still ranks fairly low and its traditional, extensive way of seeking growth has been proved unsustainable. Readjusting the structure must be driven, more than ever, by science and technology progress, and that requires strategic, structural, and innovative readjustment. We will support and provide guarantee to certain sectors and curb and scale back some others, cultivate and promote new products and new businesses and speed up the development of service, high technology and emerging sectors. At the same time, we will phase out overcapacity, accelerate the transformation of traditional sectors and eliminate outdated capacity so that Chinese products and China's service sector can move up the global value chain and more value could be created through innovation. We must invest more in human capital and increase the ranks of high-caliber workers. We will improve the technological sophistication, quality and brand awareness of Chinese industries. In particular, we need to step up reforms to remove restraints on innovation by individuals and companies. When the talent of all, or at least most of the nearly 200 million professionals and skilled workers is brought to the full, a new pattern of innovation by the people and innovation by all, supported by the massive physical and mental power of the people and the strength of China's manufacturing and creative capability, will be fostered. This, coupled with the development of advanced and even revolutionary technologies, will create more value and move China's development to a higher level.

China faces uneven development between its urban and rural areas and among its different regions. But the existing disparity, which is quite striking, can entail a huge potential. Promoting a people-centered, new type of urbanization will be in itself the biggest structural readjustment. We will seize opportunities brought by technological advances and global industrial revolution to speed up the development of such schemes as "broadband China" and "smart cities", leverage the role of cities across the country in galvanizing hinterland development, promote urban-rural integration and a gradient development of different regions and bring about a synchronized progress of the new type of industrialization, IT application, urbanization and agricultural modernization. At the same time, we will vigorously develop programs related to people's wellbeing, promote equal access to basic public services and strengthen social security, including providing security to those who failed in their entrepreneurial endeavor to help them restart businesses. We will continue to increase household consumption and make sure that greater internal demand could serve as a new power to drive economic growth.

The Chinese economy, now heading toward further growth, is also being weighed down by increasing resources and environmental constraints. It is imperative for us to enhance energy conservation and environmental protection. Tackling climate change is not only our binding international obligation as a major responsible country, but also the pressing need for our own development. There is no turning back in China's commitment to a sound eco-system. We have declared war on pollution and earnestly fulfilled our due international responsibilities. We are studying the action targets on greenhouse gas emissions control, including the peak of CO2 emission, the carbon emission intensity reduction and the increase in the share of non-fossil energy by 2030 and beyond. We have the resolve, the will and the capability to pursue green, circular and low-carbon development. We will keep focusing on scientific and technological innovation and make hard and unremitting efforts to step up environmental management, boost the development of energy conservation and environment protection sectors, fulfill the task of energy conservation and emissions reduction, and work with other countries to effectively address global climate change.

Ladies and Gentlemen,

We now live in an era defined by deepening economic globalization, with countries increasingly depending on one another in interests and sharing their destinies closely. The world needs China, and China needs the world. China's endeavor to realize the two centenary goals (namely, to complete the building of a moderately prosperous society in all respects when the Communist Party of China celebrates its centenary in 2021, and to turn China into a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious when the People's Republic of China celebrates its centenary in 2049) and the Chinese dream of the great renewal of the Chinese nation will present great development opportunities and a huge market to the world. Instead of "I win, you lose" or a "zero-sum game", we need win-win or all-win, which ensures mutual benefit. Only in this way could the world prosper and advance forward. China is resolute in following the path of peaceful development. China is a defender and builder of the existing international system and is dedicated to maintaining an overall environment of peace and stability. We call for observance of the basic norms governing international relations and believe that regional conflicts and hotspot issues should be solved peacefully and politically through dialogue. We stand ready to deepen cooperation with our Asian neighbors, properly handle differences as there may be, maintain the overall interest of stability and security and uphold the order of peace. We advocate the building of an open, fair and integrated global market and support the establishment of both multilateral free trade arrangements and bilateral FTAs, in order to build a high-standard FTA network that is globally oriented. We oppose protectionism in all its forms and do not favor fighting trade wars. We will continue to pursue a more proactive strategy of opening-up and improve the open economic system. We will focus on stabilizing export and actively expanding import. We will move faster to bring greater openness in the service sector, as well as China's areas bordering other countries and its vast central and western regions. We will follow a stable and more open policy on foreign capital. We will continue to improve and standardize the business environment, in order to attract more foreign businesses and investment and draw upon and adopt the advanced technologies, mature managerial expertise and fine cultural achievements of other countries. China will always be a major country committed to learning from others and to being open and inclusive. Acting on the basis of its actual conditions, China will strive to become a major country driven by innovation.

As the saying goes, great vision that makes a country prosper is but the result of collective wisdom. In other words, wisdom comes from the people. In the same line, the massive entrepreneurship and innovation by all, as I emphasized earlier, will generate enormous power. Today more than any other time, we need reform and innovation and the sharing of the result of reform and innovation. To use a Chinese idiom, the fire will burn higher when everyone adds wood to it. I hope that all our distinguished participants will speak up your minds, jointly explore ways for reform, innovation and open development, share your views on how to create value and achieve mutual benefit, and do what you can to help China's economic development and world prosperity and progress.

Let me conclude by wishing this Summer Davos a complete success, and I wish all of you a successful Forum and very good health!

Thank you.

2014夏季达沃斯论坛开幕式全程视频