We can all move forward through respect, cooperation and trade

While upholding and improving our systems of people's congresses, multi-party cooperation and political consultation under the leadership of the Communist Party, and regional ethnic autonomy, we have advanced the process of scientific and democratic decision-making and promoted grassroots democracy, protection of citizens' rights and freedoms, and democratic elections, democratic decision-making, democratic management and democratic supervision by the people in the country's political, economic, cultural and social life according to law.

We have stepped up the building of rule of law in China, making sure that there are laws to go by, that the laws must be observed and strictly enforced and that violators must be dealt with.

As a result, the enthusiasm, initiative and creativeness of the Chinese people of all ethnic groups have been galvanised, providing an immense driving force for the country's development.

In future, we will continue to move forward our political restructuring in a vigorous and cautious manner as our national conditions merit, improve our democratic institutions and legal systems and build a socialist political civilisation.

True, China and Australia are different in social systems.

This is the result of different choices made by our people in light of their national conditions, and the two countries' different historical evolution.

As China-Australia relations prove, so long as they understand and treat each other as equals and respect their respective national conditions and circumstances, countries with different social systems may very well become partners of friendly cooperation with constantly increased common ground.

Second, economically, they should complement and benefit one another, deepen their cooperation and achieve common development.

With economic globalisation developing in such depth, no country can expect to achieve economic development without going for effective economic and technological cooperation with other countries and actively participating in international division of labour.

Bringing in capital, knowledge, technology and managerial expertise needed for development at home and in return providing products and know-how with comparative advantages for the development of others - this is how countries achieve common development through mutually beneficial cooperation.

Right now, China has entered into a new stage of building a well-off society in an all-round way and accelerating the socialist modernisation drive.

We are busily engaged in developing a socialist market economy and opening the country still wider to the outside world in more areas and with a higher level of sophistication.