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Chinese Premier Wen Jiabao (L) smiles during an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009. (Xinhua/Yao Dawei)
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by Xinhua writer Cheng Yunjie
BEIJING, Dec. 27 (Xinhua)-- Premier Wen Jiabao admitted Sunday that it'd be good if lending by Chinese banks had not been growing on a too large scale as a result of the government's immediate response to the global financial crisis.
"It would be good if our bank lending was more balanced, better structured and not on such a large scale," he said in an exclusive interview with Xinhua News Agency.
Wen said the State Council had noticed the problem in the middle of the year and moved to correct it. "It has been improving in the second half of this year," he said.
Credit expansion was one of the "unexpected difficulties" China had encountered in dealing with the worst crisis in decades, Wen said.
The State Council had to learn from past experience, detect problems and make persistent efforts to fight the crisis effectively, he said.
Wen said it was too early to grade China's performance in tackling the crisis because it was far from over and much work was yet to be completed.
He admitted that the State Council had time in the second half of the year to calmly reflect on the problems arising from the emergency response to the economic crisis.
The State Council had thoroughly discussed measures to cultivate new economic growth points, especially relating to emerging strategic industries such as the Internet, the green economy, the low-carbon economy, sensor technology and bio-pharmacy, he said.
"I think one of the linchpins for the world to overcome the economic crisis is wisdom, and, most importantly, science and technology," he said.
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Chinese Premier Wen Jiabao (L) shakes hands with Xinhua President Li Congjun before an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009. (Xinhua Photo)
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Chinese Premier Wen Jiabao (L) shakes hands with He Ping, Editor-in-Chief of Xinhua News Agency, before an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009.(Xinhua Photo)
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Chinese Premier stresses confidence, responsibility, cooperation in tackling downturn
BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday the government had stressed confidence, responsibility and cooperation in dealing with the effects of the global economic crisis. Full story
Chinese people should be proud of economic performance: Premier
BEIJING, Dec. 27 (Xinhua) -- Chinese people should be proud of the country's economic performance as the government's economic stimulus package proved effective, Premier Wen Jiabao told Xinhua Sunday in an exclusive interview. Full story
Premier Wen holds exclusive interview with Xinhua
BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao holds an exclusive interview with the Xinhua News Agency on Sunday afternoon at Ziguangge building inside Zhongnanhai, an office compound of the central authorities at the heart of Beijing. Full story
Premier Wen promises annual dialogue with netizens ahead of Parliament session
BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday he would continue his dialogue with netizens before the annual Parliament session in March next year. Full story
Special Report: Premier Wen Jiabao Gives Exclusive Interview with Xinhua News Agency
China's Central Economic Work Conference
BEIJING, Dec. 7 (Xinhua) -- China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the quality of economic growth, participants at the Central Economic Work Conference agreed Monday.
Chinese President Hu Jintao and Premier Wen Jiabao addressed the meeting, which is held once a year to set the tone for economic development during the next year, said a statement from the conference. Full story
Wen addresses at Copenhagen climate change summit Full Text Special Report
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Chinese Premier Wen Jiabao speaks at the leaders' meeting of the United Nations Climate Change Conference in Copenhagen, Denmark, Dec. 18, 2009. (Xinhua/Wu Wei)
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COPENHAGEN, Dec. 18 (Xinhua) -- Chinese Premier Wen Jiabao said here Friday that China had made unremitting efforts and a positive contribution to the global fight against climate change through energy conservation and pollution reduction.
Speaking at the leaders' meeting of the Copenhagen climate change conference, Wen said, "China has taken climate change very seriously in the course of its development." Full story
Premier Wen gives online interview at Xinhuanet, Gov't Portal
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Chinese Premier Wen Jiabao holds an online chat with netizens jointly hosted by the central government website and Xinhua website in Beijing, China, Feb. 28, 2009. (Xinhua/Yao Dawei)
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Special Report: Premier Wen Jiabao Gives Exclusive Interview with Xinhua News Agency
