China to Ensure Fast, Sound Economic Growth

Chinese premier Wen Jiabao says China will be able to overcome various difficulties to ensure sound and fast economic growth for an even longer period of time.

He made the remarks when addressing the opening ceremony of the 2008 Summer Davos Forum in Tianjin on Saturday.

"There are many favorable conditions for China to maintain sustained and fast growth, such as abundant supply of labor and capital as well as huge potential of increased domestic consumption and investment demands, vast market and more competitive and dynamic enterprises."

The premier added that despite the natural disasters and a complex situation both at home and abroad, China has overcome difficulties and managed to maintain the momentum of steady economic growth.

He also pointed out that the demands for investment, consumption and export are growing in a more balanced way. The economic fundamentals in China remain unchanged and the economy is moving in the direction envisaged in the macro-economic control policy.

The two-day forum is also known as the Annual Meeting of the New Champions 2008. Some 1,400 participants from nearly 90 countries and regions are expected to discuss topics about the theme of "The Next Wave of Growth."