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Speech by H.E. Mr. Xie Feng, Chinese Ambassador to Indonesia at the 66th Chinese National Day Reception

Ladies and Gentlemen,
Dear Friends,

Good evening!

On behalf of the Chinese Embassy in Indonesia and the Chinese Mission to ASEAN, I would like to warmly welcome you all to tonight’s reception to share with us the joy in celebrating the 66th Chinese National Day.

Today, we are closer than any time in history to realizing China’s great dream of national revitalization. China has made enormous progress since its founding 66 years ago. Especially in the 36 years since 1978 when the reform and opening-up policy began, China has maintained a 9.7% annual growth rate and our foreign trade has been expanding by 16.4% on average each year. Such a remarkable pace of development is unprecedented in human history. China has now become the world’s second largest economy, number one trading nation and largest trade partners of nearly 130 countries, including Indonesia. In 2014, Chinese overseas investment has topped US$123.12 billion and Chinese tourists made 109 million overseas visits with a total spending of US$164.8 billion. All these figures hit record high. China is now the world’s leading producer of more than 220 industrial products, including steel, cement and automobile. China has built and operated more than 17,000 kilometers of high speed railway, accounting for more than 60% of the total global mileage. As our new round of comprehensive reform and opening-up gathers speed, mass entrepreneurship and innovation will push more Chinese enterprises to the forefront.

After over thirty years of rapid growth, the Chinese economy has entered the stage of “new normal”. We have adapted to this new situation and are steering the Chinese economy towards steady and sustainable growth. With an economic base of over US$10 trillion, the Chinese economy expanded 7% in the first half of this year. We are still one of the fastest growing economies in the world. Even more encouraging is that our economic structuring is now picking up steam. More than half of our GDP growth this year comes from the service sector and consumption has contributed to more than 60% of the growth. Our hi-tech industry is expanding faster than the overall industrial sector. Our sound economic growth has delivered tangible benefits to our people. We created 7.18 million new jobs in the first 6 months of 2015. The per capita disposable income has been growing faster that our GDP and the figure in rural areas is higher that than in urban areas. The total retail sales of consumer goods have been expanding by more than 10%. The stable economic growth in China has also benefited the world as a whole. China has contributed around 30% to the global growth and our role as a growth engine for the world economy is widely recognized. As a result of the slump of commodities’ price, the overall value of Chinese commodities’ import seems to be slowing down. However, the amount of our commodities’ import continued to rise. The truth is, the Chinese economy remains a major driving force of the world economy, not the source of risks. Despite certain difficulties, we have full confidence in our ability to maintain medium-to-high speed of growth and achieve medium-to-high level of development so as to make even greater contribution to the world economic recovery.

Ladies and Gentlemen,

China is still the largest developing country in the world. Our per capita GDP is only two thirds of the global average and ranks behind around 80 countries. Development remains China’s central task. China is firmly committed to the path of peaceful development. We will strive for a peaceful international environment to develop ourselves and our development will further contribute to world peace. Now, a series of summits are being held in New York to mark the 70th anniversary of the United Nations. 70 years ago, with a strong resolve to save succeeding generations from the scourge of war, China joined the rest of the victorious states in founding the United Nations. This opened a new chapter for world peace and development. Earlier this month, China held a grand military parade to commemorate the 70th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-fascist War. The purpose is to bear history in mind, honor all those heroes, cherish peace and create a better future. The Chinese have been through the brutality of war and therefore know full well the value of peace. Over the past decades, China has been a participant, builder and contributor of the existing international architecture. We are a guardian of the international order and international system underpinned by the purposes and principles of the UN Charter. We are ready to work with all countries of the world to build a new type of international relations featuring win-win cooperation.

Ladies and Gentlemen,

This year marks the 65th anniversary of the diplomatic relations between China and Indonesia. Our bilateral relationship is in the best shape in history. Within less than a year, President Xi Jinping and President Jokowi have met three times and had two telephone conversations. They have agreed to push forward the 21st Century Maritime Silk Road Initiative with the Global Maritime Fulcrum Strategy in a synchronized way, and deepen our practical cooperation in all areas. Over the past two months, Mr. Yu Zhengsheng, chairman of the National Committee of the Chinese People’s Political Consultative Conference, has exchanged visits with Mr. Zulkifli Hasan, chairman of the People's Consultative Assembly of Indonesia. Building on the existing bilateral dialogue at the vice premier’s level, we have further strengthened the institutional dialogue mechanisms. In January this year, we held the first meeting of the China-Indonesia High-level Economic Dialogue. Last May, China and Indonesia jointly set up the cultural and people-to-people exchanges mechanism (PEM) at the vice premier's level. It is the first such mechanism China has ever created with any developing country. Now, political-security ties, business cooperation, and people-to-people exchanges have become the “troika” driving forward the China-Indonesia partnership.

Economic and trade cooperation continues to serve as a powerhouse for our overall bilateral relations. In the first half of this year, China’s non-financial outward direct investment topped US$700 million in Indonesia, a 25.4% increase year on year. By June this year, China’s cumulative investment in Indonesia had reached US$4.54 billion. And our newly-signed contract value exceeded US$3.66 billion, a significant increase by 76.5% and the overall turnover passed US$1.69 billion, ranking the 4th and 7th in the world respectively. In cumulative terms, China’s contract value and turnover with Indonesia has reached US$46.9 billion and US$29.6 billion respectively. This is ahead of our record with any other ASEAN member. Financial cooperation has become a new highlight for our bilateral cooperation. China responded positively to Indonesia’s proposal and has purchased the Indonesian national bonds since this past August. China Development Bank signed an agreement to offer US$3 billion loans to three Indonesian state-owned banks. The Industrial and Commercial Bank of China has signed a US$500 million loan agreement with the Indonesian Exim Bank. ICBC Indonesia also signed an MoU with the Indonesian National Savings Bank to provide RMB 5 billion lending support. These firm financial commitments fully demonstrate China’s confidence in the Indonesian economy and the great prospects for our mutually beneficial cooperation. In the face of complicated situations and sluggish recovery in the region and beyond, China is willing to work with Indonesia to implement the important consensus between our two presidents and promote our practical cooperation in political, security, infrastructure, trade, investment, industrial and financial realms and people-to-people exchanges. Our shared commitment is to create a shared prosperous future for our two countries and deliver more ‘early harvests’ to our peoples.

China is ASEAN’s friendly neighbor connected by land and sea. Our two sides are destined to be cooperation partners. The ASEAN Economic Community will be established by the end of this year and it will be Asia’s first sub-regional community. We are truly delighted about this exceptional achievement. ASEAN will continue to be the priority in China’s neighborhood diplomacy. We are committed to work with ASEAN to build the 21st century maritime silk road and a community of shared future underpinned by political mutual trust, economic integration and cultural inclusiveness. Let us stand side by side in time of difficulties and share with each other the opportunities for common development.

Ladies and Gentlemen,

By now, I have stayed and worked in Indonesia for 482 days, which have been a very fulfilling, rewarding and wonderful experience in my life. Not only have I deepened my understanding of Indonesia and its people, but also its splendid culture and proud traditions. I am much impressed by the vitality of a promising Indonesia. I am now more confident than ever before about the bright future of our bilateral cooperation. The last but not the least, I have made so many good friends, real friends in Indonesia, many of whom are present tonight. Your friendship, support and assistance have become my source of motivation and inspiration. I would like to take this opportunity to express my most profound respect and gratitude to all of you. I am ready to continue working with you under the guidance of President Xi Jinping and President Jokowi to make our comprehensive strategic partnership more fruitful and enduring.

Now, I would like to propose a toast:

To the prosperity of China and Indonesia,

To the profound friendship between the Chinese and Indonesian people,

To the brighter future of China-Indonesia and China-ASEAN relations and,

To the health of all the distinguished guests present tonight.


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