Wen Jiabao: China's economic growth to become the world's major engine of economic recovery

World Economic Forum 2010 annual meeting of the new world (Summer Davos Forum) 13, opening in Tianjin, Premier Wen Jiabao to attend the opening ceremony and speech, Xinhua to live. Wen Jiabao said in his speech, the economic growth of China as a major multinational company provides opportunities for development, to major economies and the surrounding countries has created a huge demand, become the world's major engine of economic recovery.

Wen Jiabao said, we implement an active fiscal policy and moderate loose monetary policy, the unprecedented stimuli. At the same time, better control over the financial risk. These two years, the country's budget deficit and national debt control in gross domestic product (GDP) of 3% and 20%. Bank asset quality and improve the ability to resist risks, capital adequacy and rate of bad loans respectively 11.1% and 2.8% are in the safe range.

We clearly understand the potential financial risks in the financial field, in particular local government financing platform debt risk, the problem origin to a long time, we have introduced the strengthening of local government financing platform company management approach, is to carry out.

In the face of sudden international financial crisis, we take unconventional policy measures are necessary, these policy measures play an active role at the same time, the inevitable will cause some negative effects. The key is to put these effects in affordable range. From this perspective, we compare well with the Herald and the pitfalls, the overall effect is good.

Wen Jiabao pointed out that China has implemented a "package" program, not only maintain their economic stability and growth, but also for the world economic recovery made important contributions. When the main negative growth in developed economies, China and other developing country economy rapidly stabilised and maintain rapid growth, greatly enhances the world win the confidence of the international financial crisis. As the world economy provides strong growth momentum.

2009 China import 10056 billion, annual trade surplus reduces 1020 billion, the first 7 months of China's imports of 7666 billion, an increase of 47.2% substantially, the trade surplus year-over-year decrease of 226 million. This indicates that China's economic growth as a major multinational company provides opportunities for development, to major economies and the surrounding countries has created a huge demand, become the world's major engine of economic recovery.

In short, whether short term or long term, whether from the entities in the economic field, or field from the financial point of view, we should take the international financial crisis "package" program and policy measures are in line with China's actual, is timely, friendly, effective, is for the benefit of their contemporary, conducive to the benefit of the right choice for the world. (Editors: Guo caiping)