First, we need to expand bilateral trade. China welcomes Canada's continued commitment to following a diversified global commerce strategy and pursuing greater trade with China. On the Chinese side, it is not our intention to seek trade surplus with Canada. We are willing to increase import of competitive Canadian products, particularly hi-tech products, on the basis of mutual benefit and hope that the two sides can take joint steps to elevate the level of bilateral trade. During my visit, the two sides have agreed to work together to increase bilateral trade to $60 billion by 2015. I am confident that this target will serve as a new driving force for the advancement of our economic and trade ties.

Second, we need to promote two-way investment. The Chinese government will continue to encourage competitive Chinese enterprises to take part in international economic and trade cooperation through multiple forms. China has an advantage in infrastructure development, including port, railway, highway and telecommunication networks. We look forward to greater participation in the implementation of Canada's Asia-Pacific Gateway and Corridor Initiative. At the same time, we welcome the participation of Canadian businesses in China's regional development strategies, including the development of the western region, the reinvigoration of the northeastern provinces and other old industrial bases and the further development of the central provinces.

Third, we need to deepen cooperation on energy and resources. Canada is endowed with rich energy and mineral resources while China provides a stable, reliable and the most promising consumer market. China has a number of well-established energy and mineral companies as well as mature technologies and labor force. Cooperation between our two countries in energy and resources promises a bright future. We need to give continued support to our companies in expanding their cooperation and setting up a long-term and stable partnership in the energy and resources sector. And we may discuss further our cooperation in nuclear energy, natural gas and other clean energy sources.

Fourth, we need to let our cooperation branch out into new areas. China is now accelerating the transformation of its economic development pattern and economic restructuring. It is moving at a faster pace towards an innovation-driven country and a resource conserving and environment friendly society. Canada has advanced technologies and ideas in environmental protection, finance, information and bio-medicine. We can draw upon each other's strengths and advance cooperation in these sectors to make high technologies, the service industry and green economy new growth areas in our cooperation.

Fifth, we need to oppose all forms of protectionism. As economic globalization gathers momentum, countries in the world have become more than ever closely linked. We need to adopt an inclusive approach and keep our markets open. This is vitally important if we are to achieve the full recovery and sustainable development of the world economy. China and Canada must take concrete actions to resist protectionism and uphold an open, fair and just economic and trading system in the world.

Ladies and Gentlemen,

As a responsible member of the international community, China will continue to actively participate in international cooperation, appropriately handle risks and challenges and make greater contribution to the full recovery of the world economy. We want to maintain close coordination and cooperation with Canada and other parties to help bring about positive and practical outcomes at the upcoming fourth G20 summit.

Ladies and Gentlemen,

The friendly and mutually beneficial cooperation between China and Canada has brought and will continue to bring tangible benefits to our two peoples. And it will continue to be a contributing factor to peace, stability and prosperity in the Asia-Pacific region and beyond. Let us join hands to raise high the sails of friendship and cooperation and steer the ship of China-Canada relations towards an even better future.

Thank you.

Source: www.fmprc.gov.cn