After Premier Wen Jiabao delivered a special speech at the World Economic Forum in Davos on the evening of the 28th local time, he answered the question on the spot and frankly stated that the Chinese economy was operating in the latest conditions.
Wen Jiabao said that this financial crisis has caused a serious impact on the Chinese economy. Last year, the economic growth was 9%, but the growth in the fourth quarter was less than 7%, and the downward pressure on economic growth was increasing. It is in this context that the Chinese government recently proposed that economic growth this year should be maintained at about 8%.
"Frankly speaking, it is extremely difficult for the economy to achieve its goal of 8 percent this year." Wen Jiabao said, "But after hard work, it can still be achieved."
He then briefly explained that China has a relatively stable financial system and suffered less damage in this crisis. Due to China's reform of the financial system, especially the establishment of a modern banking system, the bad loans of several large banks account for only about 2.5 percent.
Wen Jiabao said: "Since late December last year, the Chinese economy has seen some signs of recovery. Although it is small, it has brought hope."
Wen Jiabao, who likes to use numbers to explain problems, still cited figures as an example.
He enumerated that China’s new loans in November last year were 400 billion yuan, 7,000 billion in December and 900 billion in the first 20 days of this year. The price of some industrial products began to rise, and the inventory of companies’ inventory and backlogs began to decrease. In terms of consumption, taking Spring Festival this year, it has increased by 21% compared with the same period last year.
In the context of shrinking external demand, China still has a broad domestic demand market, including rural areas with high demand potential. “China is in the process of industrialization and urbanization, especially with regional differences and urban-rural differences. If you go to the countryside and look at it, in plain English terms, 'how many things are filled with discontent?'
In the end, Wen Jiabao stated that in order to realize the goal of economic growth, the Chinese government must take quick action, must focus on putting emphasis on punches, measures must be accurate, and work must be done to prevent the problems in the bud.
When the World Economic Forum Chairman Schwab summed up Wen Jiabao's speeches and questions, he said: Thank you, you have brought us confidence, cooperation and hope.
China News Service, Brussels, January 30th Chinese Premier Wen Jiabao and European Commission President Barroso said on the 30th that the China-EU summit will be held as soon as possible.
In December last year, the rotating president of the European Union and French President Nicolas Sarkozy ignored the opposition of the Chinese side and insisted on meeting with the Dalai Lama, which cast a shadow over Sino-French relations and even Sino-European relations. The Chinese side immediately announced the postponement of the China-EU Summit scheduled for the same month, and cancelled a number of negotiations on legal procurement.
At noon on the 30th, local time, Premier Wen Jiabao and Barroso, who are on an official visit to the EU headquarters, met with reporters. Wen Jiabao said in his speech that the second China-EU economic and trade high-level dialogue will be held in April. In addition, the China-EU high-level meeting will be held as soon as possible.
Barroso also stated that during the talks on that day, the two sides decided to hold a new round of the China-EU summit as soon as possible, and the specific situation will be notified through appropriate channels. At the next China-EU summit, the EU will still adopt a constructive and open attitude like today.
Barroso said that China-EU relations have been very mature. Today, they also talked about some very sensitive issues, such as human rights issues and the Tibet issue. The two sides have adopted a constructive attitude toward these issues and have conducted frank dialogues. They believe that these issues will be resolved on the basis of mutual respect.
After the talks, the two sides also signed nine agreements, including the China-EU Clean Energy Center financing agreement signed by Chinese Minister of Commerce Chen Deming and European Commissioner Waldner, signed by the Chinese Ambassador to the EU Song Zhe and the EU members. The Customs Cooperation Action Plan on the Enforcement of Intellectual Property Rights, the Sino-European Pharmaceutical Raw Material Agreement, etc.
Wen Jiabao said that he visited the EU headquarters during the Chinese New Year. Today, China and Europe have signed so many cooperation agreements, which fully reflects the firm confidence and will of the development relations between China and the EU. The Chinese government has always regarded the development of relations with Europe as a strategic focus of its foreign policy. This is unwavering and unwavering.
According to Xinhua News, Xinhua News Agency, Brussels, January 30: Premier Wen Jiabao of the State Council held talks with the European Commission Chairman Barroso at the EU headquarters in Brussels on the 30th. Both sides expressed that they attach great importance to China-Europe relations from a global and strategic perspective, and believe that strengthening the Sino-European cooperation is of great significance to the world in the current international situation. The two sides decided to hold the second China-EU high-level economic and trade dialogue in April this year and hold the 11th China-EU Summit as soon as possible during the year.
Wen Jiabao said that this financial crisis has caused a serious impact on the Chinese economy. Last year, the economic growth was 9%, but the growth in the fourth quarter was less than 7%, and the downward pressure on economic growth was increasing. It is in this context that the Chinese government recently proposed that economic growth this year should be maintained at about 8%.
"Frankly speaking, it is extremely difficult for the economy to achieve its goal of 8 percent this year." Wen Jiabao said, "But after hard work, it can still be achieved."
He then briefly explained that China has a relatively stable financial system and suffered less damage in this crisis. Due to China's reform of the financial system, especially the establishment of a modern banking system, the bad loans of several large banks account for only about 2.5 percent.
Wen Jiabao said: "Since late December last year, the Chinese economy has seen some signs of recovery. Although it is small, it has brought hope."
Wen Jiabao, who likes to use numbers to explain problems, still cited figures as an example.
He enumerated that China’s new loans in November last year were 400 billion yuan, 7,000 billion in December and 900 billion in the first 20 days of this year. The price of some industrial products began to rise, and the inventory of companies’ inventory and backlogs began to decrease. In terms of consumption, taking Spring Festival this year, it has increased by 21% compared with the same period last year.
In the context of shrinking external demand, China still has a broad domestic demand market, including rural areas with high demand potential. “China is in the process of industrialization and urbanization, especially with regional differences and urban-rural differences. If you go to the countryside and look at it, in plain English terms, 'how many things are filled with discontent?'
In the end, Wen Jiabao stated that in order to realize the goal of economic growth, the Chinese government must take quick action, must focus on putting emphasis on punches, measures must be accurate, and work must be done to prevent the problems in the bud.
When the World Economic Forum Chairman Schwab summed up Wen Jiabao's speeches and questions, he said: Thank you, you have brought us confidence, cooperation and hope.
China News Service, Brussels, January 30th Chinese Premier Wen Jiabao and European Commission President Barroso said on the 30th that the China-EU summit will be held as soon as possible.
In December last year, the rotating president of the European Union and French President Nicolas Sarkozy ignored the opposition of the Chinese side and insisted on meeting with the Dalai Lama, which cast a shadow over Sino-French relations and even Sino-European relations. The Chinese side immediately announced the postponement of the China-EU Summit scheduled for the same month, and cancelled a number of negotiations on legal procurement.
At noon on the 30th, local time, Premier Wen Jiabao and Barroso, who are on an official visit to the EU headquarters, met with reporters. Wen Jiabao said in his speech that the second China-EU economic and trade high-level dialogue will be held in April. In addition, the China-EU high-level meeting will be held as soon as possible.
Barroso also stated that during the talks on that day, the two sides decided to hold a new round of the China-EU summit as soon as possible, and the specific situation will be notified through appropriate channels. At the next China-EU summit, the EU will still adopt a constructive and open attitude like today.
Barroso said that China-EU relations have been very mature. Today, they also talked about some very sensitive issues, such as human rights issues and the Tibet issue. The two sides have adopted a constructive attitude toward these issues and have conducted frank dialogues. They believe that these issues will be resolved on the basis of mutual respect.
After the talks, the two sides also signed nine agreements, including the China-EU Clean Energy Center financing agreement signed by Chinese Minister of Commerce Chen Deming and European Commissioner Waldner, signed by the Chinese Ambassador to the EU Song Zhe and the EU members. The Customs Cooperation Action Plan on the Enforcement of Intellectual Property Rights, the Sino-European Pharmaceutical Raw Material Agreement, etc.
Wen Jiabao said that he visited the EU headquarters during the Chinese New Year. Today, China and Europe have signed so many cooperation agreements, which fully reflects the firm confidence and will of the development relations between China and the EU. The Chinese government has always regarded the development of relations with Europe as a strategic focus of its foreign policy. This is unwavering and unwavering.
According to Xinhua News, Xinhua News Agency, Brussels, January 30: Premier Wen Jiabao of the State Council held talks with the European Commission Chairman Barroso at the EU headquarters in Brussels on the 30th. Both sides expressed that they attach great importance to China-Europe relations from a global and strategic perspective, and believe that strengthening the Sino-European cooperation is of great significance to the world in the current international situation. The two sides decided to hold the second China-EU high-level economic and trade dialogue in April this year and hold the 11th China-EU Summit as soon as possible during the year.
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