BEIJING - China's economy will not break. Instead, it will sustain its robust vitality and remain a beacon of hope and an engine of growth for the still fragile world economy in 2012.

At the nadir of the 2008 financial crisis, China was among the first countries to bounce back. In 2009, China reached a growth rate of 8.7 percent, outperforming not only developed countries, whose economies dropped 3.2 percent, but also emerging ones, which enjoyed an average growth of 2.4 percent.

China's economic growth, though on a slower track recently, is still expected to reach 9 percent in 2011, contrasting starkly with the anemic growth in Europe and the United States.

Just as Chinese President Hu Jintao said in his New Year's address, China will speed up economic restructuring, maintain the sound momentum of economic growth and help accomplish common development.

The unfolding economic restructuring in China will also further cement its role as a global export market, helping other countries lift their sagging exports and cushioning the impact of dwindling demand from the West.

Meanwhile, with China being a genuine friend and partner of its neighbors and dedicated to regional cooperation and common development, the benefits of a prosperous China extend far beyond China's borders.

Peering ahead into 2012, obstacles litter the path to growth. However, China will continue working together with the rest of the world to tackle economic challenges and providing powerful impetus for the world economy.
 

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