Some countries are still faced with the hidden risks of financial crises, as they have not yet completed their economic restructuring, nor have they resolved such problems as the widening gap between the rich and the poor. The unfolding economic globalization has given rise to new social problems. Political turmoil and social unrest in some countries are worrying factors, which might lead to regional conflicts. But we still have full confidence in Asia's development. At present, Asia contributes to a quarter of the world's GDP and more than half of its total foreign exchange reserve.
Asian countries have a good economic foundation and great potentials.
The Asian people have an unyielding national spirit and great creativity. As long as Asian countries remain committed to stability and development, vigorously readjust their policies, improve their development models, and strengthen regional cooperation, Asia will have a bright future. China has come to a critical stage of development. Our economy has come out of the shadow of the Southeast Asian financial crisis. Last year, our GDP exceeded 1 trillion US dollars and our foreign exchange reserve over 160 billion US dollars.