Wednesday, February 4, 2009

Premier: China, Europe need to strengthen cooperation to deal with financial crisis

Special Report: Premier Wen's "trip of Confidence" to Europe



Full text of Chinese premier's speech

at University of Cambridge





LONDON, Feb. 2 (Chinese media) -- Visiting Chinese Premier

Wen Jiabao said here on Monday that China and European countries should

strengthen cooperation to deal with global financial crisis.



Speaking at a joint news conference after talks with

his British counterpart Gordon Brown, Wen said that during his week-long "trip

of confidence" to five European countries, he met with European leaders for

talks on issues of common concern, especially the global financial crisis, and

achieved "fruitful" results.









Visiting Chinese Premier Wen Jiabao said here on Monday that China and European countries should strengthen cooperation to deal with global financial crisis.





British Prime Minister Gordon Brown (L)

and visiting Chinese Premier Wen Jiabao meet the press in London, Britain,

Feb. 2, 2009. (Chinese media/Lan Hongguang)
Photo Gallery



Europe and China agreed that dialog and cooperation

had dominated their 30-year ties, and great achievements had been made, said

Wen, adding that such relationship had brought benefits to both sides, and set

an example of mutual benefits and win-win outcome.

Sino-European relationship enjoys a solid foundation

and a bright future, Wen noted.

In the face of global challenges such as the

financial crisis, China and Europe should make joint efforts to promote

cooperation, and make their own contributions to the world's harmony and

sustainable development, said the premier.









Visiting Chinese Premier Wen Jiabao said here on Monday that China and European countries should strengthen cooperation to deal with global financial crisis.





British Prime Minister Gordon Brown (L)

and visiting Chinese Premier Wen Jiabao meet the press in London, Britain,

Feb. 2, 2009. (Chinese media/Lan Hongguang)
Photo

Gallery


"This

financial crisis is a global one. No single country can remain immune and

address this in isolation. We are sitting in the same boat and we need to work

together to overcome difficulties," said Wen.

The premier said that if China could maintain its

economic growth, "it will be the biggest contribution to the whole world" in a

time of global financial crisis.

China is willing to strengthen coordination and

cooperation with the international community, to work together to achieve an

early recovery for world economy, and to build a fair, just, comprehensive and

orderly international financial system, said Wen.

Brown told reporters that Britain and China could

work together and avoid a retreat to protectionism during the economic downturn.



"We know from previous downturns that a retreat to

narrow, short-term protectionism policies would only serve to deepen the global

recession and we must not and will not allow that to happen again," said Brown.

Brown said that Britain and China supported the

reform of international institutions and the creation of an early-warning system

for the global economy.

The two countries would push these and other

proposals at the London Summit of G20 nations in April, he added.

Wen arrived in London on Saturday for a three-day

official visit. Britain is the last leg of his week-long European tour, which

began on Tuesday and has already taken him to Switzerland, Germany, the European

Union headquarters in Brussels and Spain.

During the visit, Wen met with people from political,

business and financial circles. He also delivered a speech at the University of

Cambridge.

The premier is also paying a return visit for Prime

Minister Gordon Brown's China tour early last year, as part of a regular

high-level meeting mechanism between the two countries.





Chinese premier ends European tour in

London



LONDON, Jan. 2 (Chinese media) -- Chinese Premier Wen Jiabao on

Monday left London, and flew back to Beijing, ending his week-long five European

countries trip.



Wen arrived in London on Saturday for his three-day

official visit. During his visit, Wen had talks with his British counterpart

Gordon Brown on various issues, mainly focusing on the financial crisis. And Wen

had broad contacts with people from political, business and financial circles of

Britain, and he also delivered a speech at the University of Cambridge. Full story

Chinese premier expresses confidence

in weathering crisis, calls for cooperation


LONDON, Feb. 2 (Chinese media) -- Chinese Premier Wen Jiabao said

Sunday that he is confident China will weather the global economic crisis,

calling for cooperation to tackle the financial storm.

The confidence comes from a correct judgment of the

current situation, Wen said in an interview with the Financial Times. Full story

Wen: co-op top priority to tackle

financial crisis


CAMBRIDGE, Britain, Feb. 2 (Chinese media) -- Chinese Premier Wen

Jiabao said on Monday that cooperation to tide over global financial

difficulties is a "top priority" and urged people to "see China in the light of

development."

"To work together and tide over the difficulties has

become our top priority," Wen said in his speech at the University of Cambridge,

Britain, the last leg of his weeklong "trip of confidence" to Europe. Full story

Wen calls for serious reflection on

existing economic systems, theories


CAMBRIDGE, Britain, Feb. 2 (Chinese media) -- Chinese Premier Wen

Jiabao on Monday called for serious reflection on existing economic systems and

theories in the face of the current financial crisis.

The international financial crisis "fully demonstrates

that a totally unregulated market economy cannot work," Wen said. "We must

strike a balance between financial innovation and regulation, between the

financial sector and real economy and between savings and consumption." Full story

Wen: Argument of big power bound to

seek hegemony does not apply to China


CAMBRIDGE, Britain, Feb. 2 (Chinese media) -- Chinese Premier Wen

Jiabao said Monday during a speech at the University of Cambridge that the

argument that a big power is bound to seek hegemony does not apply to China.

"Seeking hegemony goes against China's cultural tradition

as well as the will of the Chinese people," Wen said, adding that China's

development does not harm or threaten anyone. Full story

China, Britain issue joint statement

on closer cooperation amid int'l financial crisis


LONDON, Feb. 2 (Chinese media) -- China and Britain on Monday

issued a joint statement, agreeing to strengthen cooperation and actively deal

with the international financial crisis.

As two of the world's leading economies, China and Britain

are crucial players in addressing the unstable economic climate, according to

the joint statement issued after talks between visiting Chinese Premier Wen

Jiabao and British Prime Minister Gordon Brown. Full story

Wen confident that China to keep

growth at about 8% in 2009


LONDON, Feb. 2 (Chinese media) -- Chinese Premier Wen Jiabao said

Sunday he is confident that China will maintain economic growth at "about 8

percent" this year.

"China's GDP was at 9 percent as a whole last year, but in

the fourth quarter of 2008 we also had a big decline and it fell to 6.8

percent," Wen told the Financial Times. "Our economy is under increased downward

pressures and all this means that we are now facing great difficulties." Full story



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