Editor's note: Foreign Minister Yang Jiechi delivered a speech at the UN General Assembly on Thursday, addressing Vuk Jeremic, the new president of the 67th session, and urging countries to work together for common security and development. Here is the full text of Yang's speech.

Foreign Minister Yang Jiechi addresses the 67th United Nations General Assembly at UN Headquarters in New York on Thursday. FRANK FRANKLIN 11 / AFP

Mr President,

I wish to congratulate you on your election as president of the 67th Session of the General Assembly. I am confident that with your ability and experience, you will successfully fulfill this lofty mission. I also wish to thank Mr Al-Nasser for his positive contribution as president of the last session.

The world is undergoing major and profound changes. The trend toward multi-polarity, economic globalization and the application of information technology are gaining momentum. Countries have never been so interconnected and interdependent as they are today; emerging markets and developing countries have never had such strong influence, and cross-civilization dialogue and exchanges are flourishing as never before. To promote peace, development and cooperation has become the shared aspiration of people across the world and the common pursuit of the international community.

On the other hand, the world is still far from being peaceful. The underlying impact of the international financial crisis and the European debt crisis remains strong. Destabilizing factors and uncertainties affecting global growth have increased. Regional turbulence persists, hotspot issues keep emerging and traditional and non-traditional security issues are entwined. The international security environment is highly complex.

Facing both unprecedented opportunities and challenges, we must not allow the outdated Cold War mentality and zero-sum game theory to stand in our way. We should act like passengers who stick together in a boat when crossing a torrential river and seek win-win progress through cooperation. This is the only option for countries around the world. To ensure one's own security, a country should respect and accommodate the security of other countries. To realize one's own development, a country should actively promote common development; and in pursuing one's own interests, a country should take into account the interests of other countries. Only by promoting common security and development for all of its members can the international community effectively address complex and multiple security threats and global challenges, resolve increasingly serious difficulties facing development and ensure durable peace and sustainable development of the world. With this in mind, China believes that it is important that we do the following:

We should promote equality and democracy in international relations. Mutual respect and equality are basic norms governing international relations. All countries, big or small, strong or weak, rich or poor, are equal members of the international community. Respect for each other's sovereignty, core interests and choice of social system and development path is a fundamental principle guiding state-to-state relations. We should vigorously promote greater democracy in international relations. The internal affairs of a country should be handled by itself, and issues involving the interests of various countries should be handled by them through consultation. We should remain true to multilateralism and uphold the purposes and principles of the Charter of the United Nations and the central role of the United Nations in international affairs. China endeavors to strengthen political mutual trust and address problems and differences with other countries through dialogue and exchanges. China does not interfere in the internal affairs of other countries or impose its will on others, and China does not allow outside forces to interfere in its internal affairs.

We should seek win-win progress through cooperation in the course of development. As economic globalization deepens, all countries have a high stake in each other's success. We should therefore enhance cooperation and expand common interests to achieve win-win and all-win progress. We should tap the potential for cooperation in all countries, expand and enrich cooperation, improve cooperation mechanisms and work together to make economic globalization balanced, inclusive and beneficial to all. We should accelerate the development of developing countries and narrow the North-South gap. We should enhance global cooperation on development to ensure that the benefits of development reach every one. Since the outbreak of the international financial crisis, China has, while maintaining its own robust growth, significantly increased contributions to international financial institutions, extended a helping hand to other developing countries and increased purchase of bonds of some developed countries. All this has helped stabilize the international economic and financial situation and maintain economic and social development of relevant countries.

We should ensure fairness and effectiveness in conducting global governance. Facing growing global challenges, the international community should strengthen coordination and cooperation, establish a fair, equitable, flexible and effective system of global governance, properly address various global issues and promote the common well-being of mankind. China supports the United Nations in enhancing its authority and efficiency and the ability to address new threats and challenges through proper reform as called for. It is important to advance the building of a global system of economic governance with a focus on reforming the international financial system, speedily implement the quota and governance reform plans of the IMF and other financial institutions, and increase the representation and voice of emerging markets and developing countries. We should fully implement the outcome and consensus of the UN Conference on Sustainable Development, make new progress in international cooperation on sustainable development and discuss the formulation of a post-2015 international development agenda on the basis of actively implementing the UN MDGs. We should launch a process of open, transparent and democratic intergovernmental consultation with development and poverty reduction as the core objectives. We should also fully leverage the role of the civil society and private sector in this endeavor. Together with all other parties, China is ready to take an active part in the reform of the international system and in global governance and jointly meet various global challenges.