Hu for China opening-up, but maintaining its economic security

New Delhi, Oct.1 : Chinese President Hu Jintao is all for his country's economy opening up to the outside world, but has also called for a stronger economic security system.

Presiding over a group study of the Political Bureau of the Communist Party of China (CPC) Central Committee, Hu was quoted by the Xinhua news agency as saying that the government must monitor economic security situations better, give early warnings, and respond to the crisis, as and when it arises.

China, he said, must protect and safeguard its assets and citizens abroad.

Hu said China will stick to and expand its opening-up drive, which has been proved conducive to the country's economy and technological progress.

The country will try to change its foreign trade structure, exporting and importing more quality products rather than pursuing the increase of quantity, he added.

It will open wider its high-tech industry and manufacturing to foreign capital, and introduce more advanced technologies, experience of management and high-level personnel from foreign countries, he said.

The government will also support more Chinese companies to invest abroad by improving cross-border service and risk management, he said.

China will take up its international responsibility and try its best to help other developing countries, Hu said.

The country will deal with the problems of exports' quality, climate change, environment protection and intellectual property in a proper way while protecting the legal interests of domestic companies and the stake of the country, he added.(With inputs from ANI)

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