about each other. the chinese admire the pioneering and enterprising spirit of the americans and their proud achievement in national development. as china develops rapidly and steady headway is made in china-u.s. cooperation, more and more americans are following with great interest china s progress and development.
understanding leads to trust. today, i would like to speak to you about china s development strategy and its future against the backdrop of the evolution of the chinese civilization and china s current development endeavor. i hope this will help you gain a better understanding of china.
in a history that spans more than five millennia, the chinese nation has contributed significantly to the progress of human civilization. but its course of national development has been an arduous one. in particular in the 160 years and more since the opium war in 1840, the chinese people have fought courageously and unyieldingly to rid themselves of poverty and backwardness and to realize national rejuvenation, thus profoundly changing the destiny of the chinese nation. ninety-five years ago, the chinese people launched the revolution of 1911 that overthrew the feudal autocracy which had ruled china for several thousand years and opened the door to china s progress.
fifty-seven years ago, the chinese people succeeded in winning liberation after protracted and hard struggle and founded new china in which people became their own masters. twenty-eight years ago, the chinese people embarked upon the historic drive of reform, opening-up and modernization and have made phenomenal progress through unremitting efforts.
between 1978 and 2005, china s gdp grew from $147.3 billion to $2.2257 trillion. its import and export volume went up from $20.6 billion to $1.4221 trillion and its foreign exchange reserve soared from $167 million to $
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