In a special address to the 2009 World Economic Forum, Chinese Premier Wen Jiabao admits the global financial crisis has a "rather big impact" on China's economy, but says it is showing signs of an early recovery.
"The signs are small ones, but they give me hope," he says.
Wen Jiabao is a native of Tianjin. He was born in September 1942, joined the CPC in April 1965 and entered the work force in September 1967. Jiabao graduated from the Beijing Institute of Geology with a specialty in geological structures. Jiabao has done postgraduate work and is an engineer.
Early in his career, Jiabao served in Gansu Province and in the 1980s moved to Beijing, where he became a senior official at the Ministry of Geology and Mineral Resources.
Jiabao was a member of the 13th CPC Central Committee, an alternate member of the Secretariat of the 13th CPC Central Committee, a member of the 14th CPC Central Committee, an alternate member of the Politburo of the 14th CPC Central Committee and a member of the Secretariat of the 14th CPC Central Committee. Jiabao was a member of the Politburo and the Secretariat of the 15th CPC Central Committee.
Jiabao was a member of the Politburo Standing Committee of the 16th CPC Central Committee. He was also secretary of the Financial Work Committee of the 16th CPC Central Committee.
Jiabao is premier of the State Council and a member of its Leading Party Group. Jiabao is also a member of the Standing Committee of the Politburo Bureau of the 17th CPC Central Committee.
Chinese Premier Wen Jiabao blames "excessive expansion of financial institutions" and "prolonged low savings and high consumption" for navigating the world economy into "the most difficult situation since last century's Great Depression."
(born Sept. 1942, Tianjin, China) Premier of China (from 2003). While studying at the Beijing Institute of Geology, Wen joined the Chinese Communist Party (CCP). In 1985 he was named deputy director of the General Office of the CCP Central Committee and the following year became director. While at the General Office, Wen also served as chief of staff to several general secretaries of the CCP, including Zhao Ziyang. The two men faced criticism after visiting Beijing's Tiananmen Square during demonstrations there in 1989. Although Zhao was placed under house arrest, Wen escaped any lasting political damage. In 1993 he became a full member of the Secretariat of the CCP Central Committee and four years later a member of the Political Bureau. In 1998 he was appointed one of China's four vice-premiers. Aided by his experience in shaping agricultural policy, Wen succeeded Zhu Rongji as premier in 2003.
LOL, spoken like a true finance genius. All that he describes as Chinas "solutions" are in fact the very things that created and sustained this crisis. And rampant consumerism -- I actually spit my coffee out of my mouth laughing. Now I need to go clean up my chinese made monitor and keyboard.