Wen's trip promotes good neighborliness, regional cooperation: FM (2)

At the summits, all sides agreed to speed up the revision of the Chiang Mai Initiative Multilateralization, groom Asia's bond market and launch the Regional Comprehensive Economic Partnership (RCEP).

The East Asia summit is an important platform for cooperation among East Asian countries. Premier Wen called on all sides to grasp new opportunities created by the regional integration process, promote unity and cooperation, create a cooperative atmosphere in favor of dialogue, consultation and win-win results, make more powerful policies and measures to deal with the international financial crisis.

Leaders at the East Asia Summit adopted the Phnom Penh Declaration, which was formulated on the basis of China's initiative. The declaration advocates more cooperation in finance, energy, education, disaster management, public health and interconnectivity.

The declaration helps facilitate the fulfillment of "balanced, inclusive and sustained" development, and injects new vitality into East Asia cooperation.

Wen also elaborated on China's position on regional situation and the South China Sea issue.

He stressed that China pursues good neighborliness and that all problems must be properly solved by countries concerned through direct dialogue and consultation.

China is ready to make joint efforts with ASEAN countries to implement the Declaration on the Conduct of Parties in the South China Sea, safeguard regional peace, stability, cooperation and development.

In response to the mentioning of the Huangyan Island at the East Asia Summit, Wen said that the Huangyan Island is an integral part of Chinese territory and that its sovereignty is indisputable.

China's actions to defend the island's sovereignty are legitimate and necessary, Wen said.

China's stance has gained widespread understanding and respect. ASEAN countries said they are willing to keep communication and consultation with China and that the South China Sea issue should not be internationalized.