The World Economic Development Declaration Conference (WEDDC) and the China Business Summit opened Thursday in Zhuhai, a coastal city in South China's Guangdong Province.

Chinese Vice Premier Wu Yi delivered a key note speech calling for worldwide mutual cooperation and common development. Cheng Siwei, vice-chairman of China's National People's Congress (NPC) Standing Committee and chairman of the WEDDC organizing committee, hosted the opening ceremony.

During the two-day conference, 14 Chinese ministers, governmental officials and business people from over 30 countries and regions, representatives from international organizations, will discuss the global economic trend and problems, and explore further cooperation on the basis of equality, credibility, cooperation, development.

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