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China's economic diplomacy a win-win strategy
Last Updated: 2013-11-21 19:28 | Xinhua
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China is pushing ahead with win-win economic diplomacy that aims to boost domestic prosperity as well as share opportunities with the rest of the world.

A report approved by the 18th National Congress of the Communist Party of China late last year has underlined win-win cooperation as a key characteristic of Chinese diplomacy for the next five years.

"We should raise awareness about human beings sharing a community of common destiny," the report said. "A country should accommodate the legitimate concerns of others when pursuing its own interests; and should promote common development of all countries when advancing its own development."

Chinese President Xi Jinping and Premier Li Keqiang have showcased the win-win nature of China's economic diplomacy during several foreign tours since March.

The two leaders have presided over the signing of a raft of cooperation deals, including the establishment of a Silk Road economic belt with Central Asian countries, a maritime Silk Road with Southeast Asian countries, a free trade agreement with Switzerland, and a high-speed railway project in exchange for Thai rice.

Their visits around the world have a strong economic agenda, with concrete plans to foster practical cooperation with other countries and benefit the people on both sides.

In the latest move, Xi and Li met with leaders of the European Union (EU) in Beijing this week.

Next week, a number of deals are expected to be inked between China and Central and Eastern European countries during Li's visit to Romania, in such fields as infrastructure, electricity, green economy and finance.

THREE PILLARS

China's new economic diplomacy, which highlights trade, investment, infrastructure and finance, is first of all based on high-level support.

Chinese leaders have acted as chief representatives, negotiators and salespersons during their foreign visits to serve national economic interests.

Many Chinese enterprises and billions of people have benefited from China's foreign economic cooperation.

Experts said China's economic diplomacy has revealed the strategic thinking of the new leadership to make overall plans for domestic and international situations, and to serve the people in diplomatic affairs.

The second pillar of China's economic diplomacy is win-win cooperation, which guarantees two-way benefits for China and the rest of the world.

Based on win-win cooperation, China seeks national interests while respecting and supporting other countries to pursue their own interests in their practical cooperation with China, Chinese leaders have said.

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