BEIJING, Sept. 1 (Xinhua) -- Chinese Premier Wen Jiabao said here Tuesday China would not change the orientation of its stimulating economic policy as the country is at a critical stage in the recovery of the economy.
Chinese Premier Wen Jiabao (R) meets with World Bank President Robert Zoellick in Beijing on Sept. 1, 2009. (Xinhua Photo) Photo Gallery>>>
Wen said, when meeting with World Bank President
Robert Zoellick, that China's government would continue to pursue proactive
fiscal and moderately easy monetary policies.
"We will not change the orientation of our policy,"
Wen said China would fully implement and continue to
enhance and perfect policy in response to the international financial crisis to
achieve the goals of economic and social development.
China's economy grew 7.1 percent in the first half of
this year and 7.9 percent in the second quarter, reversing a declining trend in
the previous seven quarters.
World Bank President Zoellick said earlier China's
economic recovery might be better than expected.
In the first seven months of this year, China has
seen a robust growth of domestic demand as consumption surged 15.2 percent year
on year and investment 32.9 percent. The Ministry of Commerce predicts China's
exports will slow their decline or even grow on a monthly basis.
"The macro-economic policy and measures that China
adopted in response to the international financial crisis have been proved
inconformity with reality, prompt, forceful and effective," Wen said.
Wen said the world economy was now showing signs of
stabilizing, but an all-round recovery would be a slow, difficult and
complicated process. It would require long-term, concerted efforts by every
country in the world in strengthening dialogue, coordinating policy and
Wen said imbalances in the global economy were rooted
in disparity in development. He urged the international community to pay special
attention to difficulties faced by developing countries, especially the least
developed ones. He said the gap should be lessened by increasing aid, writing
off debts, opening markets and transferring technology.
Wen said China was ready to strengthen cooperation
with the World Bank and make new contributions to achieving the UN Millennium
Goals and sustainable development of the world.
This is the third time Zoellick has visited China
since becoming World Bank President. Following his arrival Monday afternoon,
Zoellick exchanged views on the major topics of his agenda in Beijing, the
international financial crisis and climate change, with Chinese officials.
Besides Beijing, Zoellick will visit Anhui province in east China.
Zoellick said the World Bank was willing to develop
cooperation with China in areas such as international development aid, reform of
international financial organizations and climate change.
HANGZHOU, Aug. 24 (Xinhua) -- Chinese Premier Wen Jiabao
has warned that the country is still facing various uncertainties ahead despite
signs of economic recovery, saying the government will maintain the macro
"There are still a lot of unstable and uncertain
factors ahead and the economic situation ahead is still very grave, although
both the world economy and the national economy are making positive changes
now," Wen said during an inspection tour to east China's Zhejiang Province from
Saturday to Monday. Full story
CHANGCHUN, July 27 (Xinhua) -- Chinese Premier
Wen Jiabao at the weekend reiterated that the government would stick to its
proactive fiscal policy and moderately easy monetary policy for sustained
Wen made the remark during a visit in northeast
China's Jilin Province, echoing a similar comment by President Hu Jintao at a
conference with non-Party members on Thursday. Full story
BEIJING, July 23 (Xinhua) -- Chinese Premier Wen Jiabao
has urged the unswerving implementation of the proactive fiscal policy and
relatively easy monetary policy to shore up the economic recovery, despite the
"grim" fiscal conditions.
Wen also urged finance departments to implement the
stimulus package "at full swing", and beef up social security, as well as other
spending to improve people's lives.
He made the remarks prior to the national conference
of finance bureau heads, which is held from July 23-24 in Beijing.