Chinese enterprises have taken part in the consumption, production and investment activities of other economies, making full use of their comparative advantages in goods, technology, capital and project contracting.
The "go global" policy encouraging leading Chinese enterprises to invest overseas has contributed to the economic and social development of many countries.
The world needs China's development experience, technology and capital. In particular, China's vast foreign reserves could be a rare source of financing for infrastructure projects in many developing countries and emerging markets amid towering debt in many rich countries.
China also needs the world to expand its markets and investment destinations. The "go global" initiative would boost economic growth and add jobs back in China. It would also help ease overcapacity in some industries and upgrade China's economic structure.
Along with the "go global" strategy, China's economic diplomacy also emphasizes a "bring in" policy to make better use of advanced foreign technology and quality products in order to improve the national economy and people's lives.
The third pillar for China's economic diplomacy is to tap the full potential of the market. Enterprises are the starting point and the main participants in China's economic diplomacy.
Against the background of economic globalization, China's new leadership has pledged that its diplomacy will serve the national economy through more exports, outward investment and jobs.
China's growth will make the country, now the world's second largest economy, a closer partner to other countries. Its economic diplomacy is essentially a process of creating win-win prosperity with the rest of the world.