The following is the full text of the keynote speech made by Premier Wen Jiabao at the opening of the World Economic Forum's Annual Meeting of the New Champions 2011 held Sept 14-16 in the city of Dalian in Northeast China's Liaoning Province.
While global investors clamor for a piece of the action in fast- growing Asian economies, they are not the only ones. Many citizens in those same countries are struggling to participate in that growth.
The international financial and economic crisis has shown how fragile our Western economies are. That is something totally unexpected for systems that were unanimously defined as "the most advanced" in the world just a little while ago.
The recent international row over the intention of a Chinese company's Iceland deal suggests that more barriers are ahead for China to really join in the global economy.
China is not among the countries with carbon reduction obligations under the United Nations Framework Commission on Climate Change. However, major world powers have been pressuring China to participate more actively in controlling carbon emissions.
China has foreign currency reserves of more than $3.2 trillion, about 70 percent of which is believed to be in US dollar assets, especially in Treasury bills and bonds.
The recently published European Union (EU) GDP figures, following those for the United States and Japan, completes the picture of slow growth in developed economies.
The US-China Business Council has timely highlighted a key fact namely that the growth in US exports to China have far outpaced its growth in exports to the rest of the world over the past decade.
After years of fast development, China's development is confronted by a series of problems. The wealth gap is becoming bigger and bigger and so are imbalances among different regions.
With an average yearly growth rate of 10 percent, China has been able to reduce the number of poor people in the country by nearly three-fourths since 1990.
The roller-coaster debate over raising the US national debt ceiling finally concluded after the two parties made compromises. The Democratic Party-led administration removed the political restraint of debt default before the general election in 2012, and the Republican Party-led House of Representatives secured a promise to cut government spending over the next decade,Xinhua reported Monday, citing peopledaily.com.cn
Companies like Lenovo, which lobbied hard for product placement in Transformers 3, are determined to compete globally on the basis of quality and brand name recognition.
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