To achieve this goal, China must maintain the steady and rapid growth of its economy, Hu said at the opening ceremony of the G20 Finance Ministers and Central Bank Governors meeting, attended by India's Finance Minister P Chidambaram among others.
"We intend to bring our GDP up to around $4 trillion and per capita GDP to around $3,000 within the next 15 years, so that we will be able to further develop the economy, improve democracy, advance science and education, enrich culture, foster greater social harmony and upgrade the texture of life for the people," Hu said.
Hu, also general secretary of the ruling Communist Party of China, emphasised that China will proceed along the path of peaceful development to achieve a peaceful, open and cooperative development.
"A long-time lover of peace, the Chinese nation always cherishes such beliefs that one should be kind and trustworthy to its neighbours and endeavours to build a harmonious neighbourhood," he said.
He said the Chinese people are keenly aware that only the development achieved through peaceful means can be the one that is sustainable and solid and the one that serves the interests of people in China and across the world.
Therefore, China will proceed along the path of peaceful development to achieve a peaceful, open and cooperative development," Hu said, adding that peaceful development meant that China is to develop itself through working for a peaceful international environment and in return, promote world peace through its own development.
Hu said that while relying largely on its own development efforts, China is to persist with its opening-up strategy, play a more active role in international, economic and technological cooperation and competition, continue to improve the investment environment and open up its market with a higher level on all fronts.
For cooperative development, Hu said China is to broaden its exchanges and cooperation with the rest of the world, actively participate in the formulation of international economic and trade rules, work with others to resolve difficulties and differences that arise in cooperation and try its best to achieve mutual benefits and a win-win result.
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