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Speed up economic restructuring and transformation of the pattern of economic growth;

Accelerate the building of new Socialist rural villages to break down the barriers between urban and rural areas;

Promote balanced regional development. More support will be given to less developed and poorer regions;

And build a harmonious society.

"The key message from Hu's speech is the development of peace," said Kelvin Lee, managing director of Vina Capital, a Viet Nam-based investment bank.

"Hu told business leaders from Asia-Pacific that we are in one big family and we must work together," Lee told China Daily after the speech. He added that the peaceful rise of China will bring benefits to the region and the world.

Lee appreciated Hu's proposal to increase official aid to developing countries.

"After years of efforts to make its economy more prosperous, China is starting to play a bigger role in providing help to other countries, which is a significant step in narrowing the development gap," he noted.

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