In addition, in a “solemn declaration”, he promised that China was going in the future to conform to the international standards as regards food safety. ( Finance Information City )
“We must correctly manage the relations between the financial innovation and the regulation. We need financial innovation for better serving the economy, but need still more a greater financial regulation to ensure financial stability”, declared Mr. Wen at the time of a press conference at the conclusion of the bi-annual top which joined together Friday and Saturday more than one forty Asian and European leaders.
“The virtual economy must be coordinated with the real economy, it is not necessary that the problems of the virtual economy influence the development of the real economy”, he judged, adding that measurements taken to face the current crisis were not “sufficient”.
Mr. Wen confirmed that its country would take an “active” share at the top which must join together on November 15 in Washington the great powers industrialized and emergent of G20 on the financial crisis.
“We will discuss with the leaders the world measurements to face the financial crisis in a pragmatic and common way”, has it says, affirming that it was necessary to show “confidence, co-operation and responsibility”.
The Prime Minister stressed that if the financial crisis did not have an significant impact on the Chinese financial system because of its still limited opening, it would have surely effects on the Chinese economy.
“If the direct influence is not very large, it has an influence on the worldwide economies and the deceleration of the growth, consequently it will inevitably have an influence on the Chinese economy”, has he says.
Friday evening, in a declaration, the 43 countries of Asia and Europe (Asem) required a deep reform of the systems monetary and financial and an increased role of the Funds international currency.
“The leaders commit themselves undertaking a real and basic reform international systems monetarist and financier”, according to the text.
In addition, concerning the scandal of adulterated milk, Wen Jiabao affirmed: “We were very pained”.
“We will act and to use the quality of our food products to gain the confidence of the Chinese and the rest of the world”, declared Mr. Wen with the journalists at the conclusion of the top.
He promised that Chinese exports “were going to respect the standards of the importing countries”.
Four let us nourissons died in China after having consumed milk adulterated with melamine and tens of thousands of others were contaminated. Many Chinese products were recalled abroad in front of fears of contamination.
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