China's development will not threaten any country: Premier Wen

China's development is, by no means, a threat to any other countries, Chinese Premier Wen Jiabao said Sunday at the opening ceremony of the Sixth ASEM Finance Ministers' Meeting (FMM).

"China's development is conducive to the stability and prosperity of our region and peace and development of the whole world, and will not threaten or exert an adverse impact on any country," Wen told Asian and European financial officials at the meeting.

China has achieved sustained and rapid economic growth, markedly enhanced overall national strength and constantly improved people's life since its adoption of the reform and opening-up policy, he said in a keynote speech.

"China's development largely depends on our own efforts, our own vast domestic market, abandonment labor resources and the implementation of the reform and opening-up policy."

Over the past two years, he said, China has taken effective macro-economic measures to address the prominent problems in the economy and the Chinese economy has been in good shape.

The Chinese government will continue to take measures to further tackle the existing problems, with a view to achieving long-term, steady and fast growth of the Chinese economy.

"We are fully confident, capable and resourceful. We can overcome any difficulty and risk on the road ahead and reach our determined magnificent goal of social-economic development," he said.

The Sixth ASEM-FMM, themed to "promote closer Asia-Europe economic and financial cooperation," attracted more than 200 participants from 13 Asian countries, 25 European nations and the European Commission, and representatives from international financial institutions such as the World Bank and the International Monetary Fund.

Source: Xinhua

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