Li Keqiang delivers keynote speech at Davos

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Li Keqiang, Vice-Premier, State Council of the People's Republic of China is captured during his speech at the Congress Centre at the Annual Meeting 2010 of the World Economic Forum in Davos, Switzerland, January 28, 2010. [WEF]

As a responsible and big developing country, China will stick to its unswerving path of peaceful development and mutually beneficial opening-up strategy, work together with other countries to promote the building of a harmonious world with sustained peace and common prosperity, he said.

The international community had scored initial achievements by working together to cope with the financial crisis, which struck over a year ago, he said.

Countries, whose fates are closely connected with each other, should further share responsibility and enhance cooperation under the complicated situation.

Li laid out a five-point proposal regarding world economic recovery and sustained development in the post-crisis era.

"First, we should continue to work together and prevail over the crisis. In a globalized world, the economies of all countries are interdependent and mutually reinforcing," said the Chinese vice premier.

The policies of one country can well impact those of others. Only when global economic recovery is achieved can the recovery of national economies be secured, he said.

The recent concerted responses by various countries have reduced the severe impact of the international financial crisis and prevented the occurrence of a serious recession, he said.

The crisis is not over yet and the foundation for economic recovery is still weak. Continued cooperation among countries is needed to avoid twists and turns and reduce risks in the course of recovery, said Li.

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