China To Increase Its GDP

China will try to increase its gross domestic product to around four trillion US dollars and per capita GDP to around USD 3,000 in 15 years, President Hu Jintao said.

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 four trillion US dollars and per capita GDP to around 3,000 US dollars 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 (CPC), emphasized 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 neighbors and endeavors to build a harmonious neighborhood," 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.