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billion to the global economy.

a real chance to get back on track towards a legally binding deal on emissions
unprecedented progress in tackling poverty.

china has lifted 500 million people out of poverty in just thirty years.

although there is still a long way to go – that’s more people lifted out of poverty than at any time in human history.

you can see the results right across this enormous country.

when i worked in hong kong briefly in 1985, shenzhen was barely more than a small town, surrounded by paddy fields and waterways.

today it is a city larger than london. it makes most of the world’s ipods and one in ten of its mobile phones.

and there are other benefits too in tackling the world’s most intractable problems.

i welcome the fact, for example, that more than 900 chinese doctors now work in african countries and that in uganda it is a chinese pharmaceutical firm that is introducing a new anti-malarial drug.

so i want to make the positive case

for the world to see china’s rise as an opportunity not a threat.

but china needs to help us to make that argument

to demonstrate that as your economy grows, so do our shared interests, and our shared responsibilities.

we share an interest in china’s integration into the world economy, which is essential for china’s development.

if we are to maintain europe’s openness to china, we must be able to show that china is open to europe.

so we share an interest in an international system governed by rules and norms.

we share an interest in effective cooperative governance, including for the world economy.

we share an interest in fighting protectionism

and in a co-ordinated rebalancing between surplus and deficit countries.

these interests, those responsibilities are both economic and political.

let me take each in turn.

economic respo

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