LONDON, Feb. 2 (Xinhua) -- Chinese Premier Wen Jiabao
told the Financial Times on Sunday that based on a scientific attitude and
pragmatic view he is confident China will weather the global economic crisis.
The confidence, Wen said, comes from a correct
judgment of the current situation. He also credited China's robust material
foundation and the strong economic system that his country has established
during the past 30 years of reform and opening-up.
In addition, Wen said China has confidence because of
its stable and sound financial market, broad market potential and leeway to deal
with the crisis.
Most importantly, Wen told the newspaper, China has
confidence that it will weather the financial storm because of the government's
swift and powerful measures to decisively deal with the situation.
Asked if the Chinese effort is big enough, Wen said a
large-scale stimulus plan is a must to cope with the crisis, but the measure
should be integrated and comprehensive. It also should address both the symptoms
and the root causes with a view of both the short and long terms, Wen said.
Wen said China's package of initiatives fit into five
categories: One, enlarging domestic demand; Two, adjusting and boosting
industry; Three, promoting technological upgrading; Four, building up a more
comprehensive social welfare system; and Five, stabilizing the fiscal market to
bolster the economy.
Referring to the initiatives worth 4 trillion yuan
(585 billion U.S. dollars) that the government has already announced, Wen said
the money will be invested over the next two years to enlarge domestic demand,
and consumer spending in particular.
A total of 600 billion yuan (88 billion dollars) will
be used to speed up technological upgrades while another 850 billion yuan (124
billion dollars) will be earmarked for advancing medical care reforms.
The crisis has not touched bottom yet, so the
government will pay close attention to changes in the situation and take new
measures in time to stimulate growth before it deepens into a prolonged
recession, Wen said.
LONDON, Feb. 2 (Xinhua) -- China gives top priority to
meeting the challenge of climate change, Chinese Premier Wen Jiabao told the
Financial Times on Sunday.
Wen said the Chinese government supports all measures that
are playing roles in meeting the challenges of climate change and the
development of a green economy. Full story
LONDON, Feb. 1 (Xinhua) -- Visiting Chinese Premier Wen
Jiabao on Sunday warned against protectionism in face of lingering global
financial crisis.
Speaking at a meeting with former British Prime Minister
Tony Blair, Wen said as international financial crisis is spreading, his visit
to London was to send a message of confidence for Britain and China to join
hands in overcoming current difficulties. Full story
DAVOS, Switzerland, Jan. 28 (Xinhua) -- Chinese Premier
Wen Jiabao on Wednesday expressed optimism that China's economy will continue to
grow fast and steadily, and he called for confidence, cooperation and
responsibility in overcoming the current global financial crisis.
China is facing severe challenges, including shrinking
external demand, rising unemployment in urban areas and greater downward
pressure on economic growth as the current financial crisis has had a rather big
impact on China's economy, Wen told participants at the World Economic Forum
(WEF) annual meeting in Davos. Full story
DAVOS, Switzerland, Jan. 28 (Xinhua) -- Chinese Premier
Wen Jiabao on Wednesday stressed confidence, cooperation and responsibility as
key to overcoming the current global financial crisis.
The global financial crisis is a challenge for the whole
world, and the pressing task for the international community is "to take further
measures to restore market confidence as soon as possible," Wen told
participants attending the World Economic Forum annual meeting in the Swiss
skiing resort of Davos. Full story
DAVOS, Switzerland, Jan. 28 (Xinhua) -- The following is
the full text of Chinese Premier Wen Jiabao's speech here on Wednesday at the
World Economic Forum Annual Meeting 2009. Full story
