Chinese premier urges Asia-Europe cooperation to promote world economic growth

VIENTIANE, Nov. 5 (Xinhua) -- Chinese Premier Wen Jiabao put forward a four-point proposal for promoting steady growth of the global economy in an address delivered at the ninth Asia-Europe Meeting (ASEM) summit here on Monday.

Over the past four years since the international financial crisis broke out, Asian and European countries have steadily improved their domestic economic policies and adopted focused measures to address their major challenges and problems, Wen said.

Meanwhile, they have also strengthened international dialogue and coordination on macroeconomic policies and deepened pragmatic cooperation in various fields to promote the revival of the world economy, the premier said.

"Being a responsible country, China has managed its own affairs well and restored its economy to stability and achieved a steady and fairly fast growth in the shortest time possible," Wen said.

"China is an important engine for world economic growth and has played a crucial role in driving global economic recovery."

"We not only have confidence in meeting the development targets set for this year, but also have confidence, conditions and abilities to achieve development of a better quality, at a higher level and in the longer run," Wen noted.

However, the global financial crisis is not yet over, and there are many uncertainties and downside risks for the world economy, Wen said.

In order to promote steady growth for the global economy, Wen suggested the following:

Firstly, free, open and fair international trade is an important driving force for world economic growth.

Secondly, to enhance macroeconomic policy coordination remains an important task.

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