Premier Wen Jiabao's recent words on fiscal measures show that China has the resolve and the financial means to promote stable economic growth despite its current difficulties.

Recent data further suggest that the country is facing headwinds. According to the Ministry of Finance, the central government collected 6.7 percent less fiscal revenue in August than it had in the same month a year ago, an unusually large drop. Still, Wen said the country has more than 1 trillion yuan ($157.7 billion) it can put toward adjusting the economy.

Since China's growth contributes much to the global economy, it's important that international policymakers work together to combat the risk of a widespread slowdown.