I sincerely wish the International Finance Forum (IFF) 12^th Annual Global Conference a complete success, especially congratulations to Mr. Kevin Rudd, President of the International Finance Forum (IFF). I was amazed at the guests at the annual meeting, Chairman of the International Finance Forum (IFF), 26^th Australian Prime Minister Kevin Rudd, Chairman of the International Finance Forum (IFF) Advisory Committee, and former Japanese Prime Minister Yukio Hatoyama Chairman of the International Finance Forum (IFF) Comprehensive Sustainable Development Council, former New Zealand Prime Minister Jenny Shipley, His Royal Highness Prince Turki, and Mr. Zhou Xiaochuan, the president of the People's Bank of China, who has long known friendship. The annual conference is a grand event and covers critical issues related to China and the world's financial sector. Here I want to clarify five personal points:

First, the traditional analysis of the Chinese economy has focused on areas such as real estate and heavy industry manufacturing that have historically played a pivotal role in the past. This analysis underestimates traditional concepts, emerging areas with rapidly growing value added (such as high value-added manufacturing) and tertiary industries (such as healthcare, education, information technology).

Second, China's economic growth has slowed down accordingly, which is not only in line with China's strategic policy, but also supported by the international community. This will adjust China's economic structural balance, from foreign trade to domestic demand to stimulate economic growth, especially domestic consumption will become a source of economic growth. This is in line with the policy guidelines announced by China. With the support of the international community, China will continue to adhere to this policy.

Third, I believe that it is also crucial. The data for the next few years set by the Chinese government and international agencies seems to be gratifying in other world economies, including advanced economies and most emerging economies.

Fourth, China’s recent numerous strategic policies will be widely welcomed. China will actively participate in the increasingly integrated global integrated economy, which will promote China's excellent domestic economy, capital market, and the RMB that will soon join the Special Drawing Rights (SDR) basket, fully in the context of continuous economic openness and globalization. Play a role.

Fifth, once again, I wish the 12^th International Finance Forum (IFF) annual meeting a complete success.

(This article is a speech by Mr. Trichet at the 2015 International Annual Meeting of IFF)