by Xinhua writer Fu Yunwei
BEIJING, April 10 (Xinhua) -- Chinese Premier Wen
Jiabao arrived in Thailand Friday to attend the East Asia Summit and a series of
related meetings on April 11-12, in a bid to boost confidence, consolidate
cooperation and promote development.
It also is bound to promote closer ties between China
and its neighbor countries.
Facing up to the grave challenges brought by the
financial crisis, China has been working hard to maintain a sound economy. In
its effort to adjust macro-economic policies, China in a timely fashion has
properly implemented active fiscal policies and relaxed monetary policies.
In addition, the largest developing country launched
a 4 trillion yuan (586 billion U.S. dollar) stimulus package to expand
consumption, push forward industrial restructuring and spur economic growth.
Those measures have started to bear fruit and are
bound to produce a positive influence, not only upon China but on East Asia and
the world at large as well.
China lately has been striving to stabilize its
economic development by adopting various measures, reminiscent of what happened
during the Asian financial crisis 10 years ago when China helped keep the
situation in check by pledging not to devalue the yuan.
In fighting the current crisis, China again actively
participates in international cooperation to maintain a basically stable yuan
exchange rate, resist protectionism and advocate the interests of developing
China is ready to work hard with its neighbors to
make the upcoming meetings yield practical results, so that Asia can stand in a
better position to accelerate regional cooperation to confront the crisis. As a
friend in need for East Asia, China is willing to go through thick and thin with
While the financial crisis posed challenges, it also
brought opportunities for Asian countries to deepen mutual trust and
In the wake of the Asian financial crisis in 1997,
Asian countries saw the necessity to strengthen regional cooperation.
That effort eventually gave birth to the current
mechanism of dialogue between the Association of Southeast Asian Nations, Japan,
South Korea and China. It also created a number of multilateral cooperative
measures such as the Chiang Mai initiative featuring currency swap agreements.
In coping with the financial crisis, East Asian
countries can only convert crisis to opportunities by boosting confidence and
They should seize the opportunity to strengthen
financial cooperation and promote the construction of the free trade area so
that various nations can enjoy a convenient environment for trade and
As an important part of its diplomatic policy with
its neighbors, China has attached great importance to relations with ASEAN. It
is committed to strengthening neighboring friendships, promoting mutually
beneficial cooperation with ASEAN in an all-round manner.
The friendly historic ties between China and ASEAN
proved that the two sides are interdependent and mutually beneficial in terms of
We have every reason to believe that Asian countries
can welcome a spring season for development by maintaining the tradition of
unity in crisis, upholding the all-win spirit and streamlining the regional
Premier Wen Attends 12th China-ASEAN