Chinese vice premier's speech at Davos forum adds impetus to world economic recovery

DAVOS, Switzerland, Jan. 29 (Xinhua) -- Chinese Vice Premier Li Keqiang's speech at the World Economic Forum here Thursday added fresh momentum to the world economic recovery by outlining China's encouraging economic prospects and calling for international efforts to boost economic activity.

"Last year, we acted with resolve and confronted challenges head-on, and succeeded in ensuring steady and fast economic growth," Li said.

"As we draw plans for this year, we are confident that we can stay on top of the complicated situation and maintain steady and fast growth of the Chinese economy."

"Looking ahead, we are well positioned to achieve long-term, fast and steady economic growth."

Last year, China adopted a package of economic stimulus policies that had a noticeable impact, with gross domestic product growing 8.7 percent. China this year will carry out follow-up measures to maintain its economy's sound development.

Statistics show 22 percent of world economic growth was attributed to China's eye-catching economic development in 2008, while the figure rose to 50 percent in 2009.

As a major developing economy, China's inspiring performance has been an engine for the world economy staggering out of the financial crisis.

Li also appealed for countries to cooperate in surviving the crisis and maintaining sustainable economic development. He laid out a five-point proposal regarding the issue.

He asked for further cooperation in combating the crisis, promotion of the open market, balanced development of the world, joint tackling of major challenges, and improvement of the global governance structure.

Li's proposal is of significance as it is the latest impetus to international joint efforts in improving the world economy and brings forward new thinking and practical ways in the process.

The Chinese government and people, by their arduous work and constructive thoughts, are moving their economy vigorously forward and also impressively contributing to the world economy.