Full text of Hu's remarks at BRICS Leaders Meeting

We should set up a just and equitable international free trade system, oppose protectionism in all its forms, strengthen the multilateral trading regime and push for early attainment of the goals of a development round at the Doha Round negotiations.

Third, we should endeavor to bolster international exchanges and cooperation. We all live on the same planet. Countries are now interconnected and interdependent with their interests more closely interwoven than at any time in history. The future and destiny of one country is increasingly tied to that of the world. To work with each other through thick and thin serves the common interests of all countries.

We should make full use of the multilateral cooperation mechanisms at various levels, including the UN, the Group of 20 and the BRICS, to carry out practical and effective cooperation. Being the most universal, representative and authoritative inter-governmental international organization, the United Nations should always play a central role in international affairs. The G20 should continue to serve as the premier platform for global economic governance. Cooperation mechanisms among emerging market economies represented by the BRICS are enjoying robust development. They constitute a new model of global economic cooperation and an important way of pursuing multilateralism. They can continue to play an active role in boosting cooperation among emerging market economies.

Fourth, we should endeavor to strengthen the BRICS partnership for common development. Over the past five years since its inception, BRICS cooperation has made steady headway. The scope of the cooperation has been broadening and the levels increasing. A multi-tiered and wide-ranging cooperation structure has taken shape. Facts have shown that BRICS cooperation has contributed not only to the economic and social development of our five countries, but also to world peace and development. We should build on what we have achieved and plan for the future. We should stick to the basic principles of solidarity, mutual trust, openness, transparency and common development. Let us enhance mutual trust through cooperation and always be good friends and good partners. Our cooperation is open and transparent, and is aimed at mutual benefit and common development. We should stay firmly committed to the common interests of BRICS countries, step up coordination in the international economic, financial and development fields and strengthen the standing and role of emerging markets and developing countries in global economic governance. We should continue to deepen practical cooperation, vigorously tap our cooperation potential in economy, trade, health and sister-city relationships, and strive for fruitful results of our cooperation in various fields so as to further strengthen the economic and social foundation for BRICS cooperation. Dear Colleagues,

Over the past 30 years and more since reform and opening-up, China has made remarkable achievements in its development. In the past decade, China imported $687 billion of goods on average every year, creating over 13 million jobs in related countries and regions. In 2010, China achieved a 10.3 percent GDP growth and made an important contribution to world economic recovery. This fully shows that China's development is part of the world development and the better China develops, the greater the contribution it will make to the world.

At the same time, we are keenly aware that China has a large population and a weak economic foundation. Our development is uneven and per capita GDP low. We face considerable resources and environmental constraints in pursuing economic development. More than 100 million people live below the poverty line set by the UN. All these are our challenges, and we must make arduous efforts in order to achieve our development goals.

The Chinese government formulated and promulgated the Outline of the 12th Five-Year Plan not long ago. The Outline sets out the guiding principles, strategic objectives and major tasks for China's economic and social development in the coming five years. We will be committed to scientific development, and focus on accelerating the transformation of the economic development pattern. We will advance economic restructuring at a faster pace, strengthen capacity for innovation, ensure energy conservation and emission reduction, and deepen reform and opening up. We will take greater steps to protect and improve people's well-being and promote social equity and justice. We will strive for sustained, steady and relatively fast economic development, and promote social stability and harmony. We will ensure that our development is for the people and by the people, and the development achievements are shared among the people.

I am convinced that a China with more sustainable development, greater social harmony, better institutions and greater openness will not only bring more benefits to its 1.3 billion people, but also make greater contribution to world peace and development.

China will continue to advocate peace, development and cooperation, and remain committed to the independent foreign policy of peace, the path of peaceful development and the win-win strategy of opening-up. China welcomes the participation of all countries in its development endeavor. We will share development opportunities with other countries, and expand the dimensions of opening up. We will contribute to the development of the region and the world through our development and share prosperity with people around the world.

Dear colleagues, let us work together to build a harmonious world of lasting peace and common prosperity.

Thank you.