Since the beginning of the 21st century, thanks to the concerted efforts of both sides, China-U.S. relationship has on the whole enjoyed steady growth. Since President Obama took office, we have maintained close contact through exchange of visits, meetings, telephone conversations and letters.

The political restructuring we pursue in China is aimed at advancing the self-improvement and development of the socialist political system. We will continue to expand people's democracy and build a socialist country under the rule of law in keeping with China's national conditions.

The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level.

China is a developing country with a huge population, and also a developing country in a crucial stage of reform. In this context, China still faces many challenges in economic and social development. And a lot still needs to be done in China, in terms of human rights.

All foreign companies registered in China are Chinese enterprises. Their innovation, production and business operations in China enjoy the same treatment as Chinese enterprises.

Global climate change has a profound impact on the survival and development of mankind. It is a major challenge facing all countries.

Only reform and opening up can develop China. We must not be afraid of any risks, and not be confused by any distractions.