Chinese Premier Wen Jiabao speaks at the World Economic Forum annual meeting in Swiss skiing resort of Davos on Wednesday, January 28, 2009. [Photo: Xinhuanet]

It is also necessary to strengthen international cooperation in financial supervision and regulation to guard against the build-up and spread of financial risks, the Chinese premier said.

Wen said the interests of developing countries should be effectively protected and economic development of the whole world should be promoted.

He also called for jointly tackling global challenges, such as climate change, environmental degradation, natural disasters and food security.

"No country can be insulated from these challenges or meet them on its own. The international community should intensify cooperation and respond to these challenges together," Wen said.

Wen, who is on a visit to Switzerland, traveled to Davos on Wednesday after meeting with President of the Swiss Confederation Hans-Rudolf Merz for talks in Bern a day earlier.

Switzerland is the first leg of Wen's current European tour, which will also take him to Germany, the European Union headquarters, Spain and Britain.

(Xinhua News Agency January 29, 2009)