China is now adopting various measures to expand domestic demand and striving to maintain the stable and relatively rapid growth of its economy, Chinese Premier Wen Jiabao said in Japan's Fukuoka Saturday.
Wen made the remarks in response to a question at a joint press conference with Japanese Prime Minister Taro Aso and South Korean President Lee Myung-bak after a tripartite meeting of the three leaders earlier in the day.
The move will play an important and positive role in preserving financial and economic stability of the region, Wen said.
The Chinese premier said that following the global financial crisis, China promptly adjusted its macroeconomic policy and introduced active financial policies and a moderately relaxed monetary policy, including the reduction of its interest rates for several times in a row, the formulation of 10 major measures aiming at expanding domestic demand and the investment of 4 trillion yuan within two years.
China's stable and relatively rapid development in economy is in itself an important contribution to safeguarding the international financial stability and promoting regional economic growth, he added.
Meanwhile, China is working with East Asian countries to tackle the ongoing financial crisis and is committed to promoting the development of real economy within the region, Wen said.
Faced with the unprecedented financial crisis, China, with a responsible and reliable government, is ready to work with East Asian countries to properly address the risks and challenges and hopes to achieve mutually beneficial and win-win results in cooperation with them, he said.
At the same time, the premier underlined the importance of cooperation between China, Japan and South Korea, and put forward proposals for boosting trilateral ties.
China, Japan and South Korea are countries of major influence in East Asia, Wen said.
Developing peaceful and friendly relations is not only a common wish of the three countries but a precondition for realizing regional stability and prosperity, Wen said.
At the meeting, China, Japan and South Korea established a tripartite partnership and a mechanism of regular meetings, signaling that trilateral cooperation has entered a new stage, he said.
Wen arrived in Fukuoka earlier Saturday for a one-day trilateral meeting with the Japanese and South Korean leaders.
(Xinhua News Agency December 13, 2008)