Premier Wen Jiabao said yesterday that the world faces a gradual and bumpy recovery in the wake of the world's worst financial crisis since the 1930s.

In a televised speech from a conference in Beijing, Wen said that the worst is over, but that there are risks. He didn't elaborate but the central bank said on Wednesday Chinese economy faces risks including the escalation of trade tensions, price uncertainties as well as the sustainability of the fiscal stimulus measures.

Wen assured that China will still be committed to moderately low interest rates and a proactive approach to government spending on the economy.