China's Prime Minister Wen Jiabao Saturday called for international co-operation to resolve the global financial crisis, saying China's contribution would be to maintain its own economic stability. "All countries must strengthen their co-operation. They must all take proactive measures to deal with the crisis," Wen told a meeting organised by the World Economic Forum in the north Chinese city of Tianjin.
"What China can do is to maintain the momentum of stable development and avoid ups and downs. It will be its most important contribution," the premier said at the Annual Meeting of the New Champions. US congressional leaders have been locked in talks to cobble a 700 billion US dollar rescue deal to stem the financial crisis.
Wen also stressed the need for "confidence" from economic and world leaders as well as ordinary citizens to brave the financial storm. "Confidence is more precious than currency and gold at the moment," he said. China, the world's biggest holder of foreign reserves and second biggest holder of US treasury bills, has been recording double digit economic growth in recent years, although it has slowed this year.
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