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China calls for faith, co-op in tackling crisis
(Xinhua)
Updated: 2009-01-29 08:41 Chinese Premier Wen Jiabao on Wednesday stressed confidence, cooperation and responsibility as key to overcoming the current global financial crisis.
The global financial crisis is a challenge for the whole world, and the pressing task for the international community is "to take further measures to restore market confidence as soon as possible, " Wen told participants attending the World Economic Forum annual meeting in the Swiss skiing resort of Davos.
To this end, international economic cooperation and a sound multilateral trading regime should be promoted, and the reform of the international financial system should be advanced, he said. It is also necessary to strengthen international cooperation in financial supervision and regulation to guard against the build-up and spread of financial risks, the Chinese premier said. Wen said the interests of developing countries should be effectively protected and economic development of the whole world should be promoted.
He also called for jointly tackling global challenges, such as climate change, environmental degradation, natural disasters and food security. "No country can be insulated from these challenges or meet them on its own. The international community should intensify cooperation and respond to these challenges together," Wen said. Wen, who is on a visit to Switzerland, traveled on Wednesday to Davos to attend the forum after meeting with President of the Swiss Confederation Hans-Rudolf Merz for talks on bilateral ties on Tuesday. Switzerland is the first leg of Wen's European tour, which will later take him to Germany, the European Union headquarters, Spain and Britain. (For more biz stories, please visit Industries)
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