Wen: No change in China economic policy

BEIJING, Sept. 1 (UPI) -- Chinese Premier Wen Jiabao says his government has no plans to change its policy of stimulating the economy through fiscal and monetary measures.

"We will not change the orientation of our policy," Wen said in a meeting with visiting World Bank President Robert Zoellick, China's state-run Xinhua news agency reported.

Data show the Chinese economy grew 7.9 percent in the second quarter after growing 7.1 percent in the first quarter. In the first seven months of this year, the economy enjoyed strong growth in domestic demand, with consumption up 15.2 percent and investment up 32.9 percent from the same period last year.

Wen said the macro-economic policy and measures China adopted in response to the international financial crisis were prompt, forceful and effective, Xinhua reported.

He said although the world economy is showing signs of stabilizing, an all-round recovery will be a slow, difficult and complicated process and will require long-term, concerted efforts by every country in coordinating policy and deepening cooperation.

Zoellick said the World Bank will cooperate with China in areas such as international development aid, reform of international financial organizations and climate change.