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Premier Wen pledges stability moves

(China Daily)
Updated: 2008-10-15 07:04

China will adopt flexible and cautious macroeconomic policies to maintain stability in the economy as well as finance and capital markets, which will contribute significantly to the recovery in world markets, Premier Wen Jiabao said Tuesday.

He made the remarks in a telephone conversation with his British counterpart Gordon Brown when they exchanged views on the current global financial crisis.

Wen said China is paying close attention to the turmoil, and praised the measures that the affected countries including Britain had taken to stabilize the financial markets.

He said Chinese financial institutions' risk-control capability has been strengthened and the impact the current crisis has had on China is limited.

Wen added that China is confident that it can safeguard the stability of the domestic financial market. "The most important thing for China now is to handle its own affairs well," he said.

Xinhua