Wen Jiabao: The Financial Crisis Is More Serious Than Expected.

Wen Jiabao, premier of the State Council, met with German President Keller at the purple light Pavilion in Zhongnanhai 18.

Wen Jiabao said that in the process of coping with the international financial crisis, China and Germany took the common interests as the emphasis, strengthened communication, expanded cooperation and supported each other, and played a positive role in producing big countries and big trading countries.

The partnership with global responsibility has been consolidated and deepened.

Wen Jiabao pointed out that the world economy is slowly recovering, but the foundation for recovery is still fragile and the process of recovery is very uneven.

The recent European sovereign debt crisis has dragged down the European economic recovery.

The severity and complexity of the impact of the international financial crisis exceeded expectations.

The international community, especially the major economies, must recognize the situation, strengthen their confidence and work together in order to explore effective global economic governance mechanisms and actively promote the global economic recovery.

China and Germany have consensus on many major issues and have broad prospects for cooperation in the fields of economy, trade, science and technology, energy and humanities.

The Chinese government is willing to work together with Germany to enhance mutual trust, enrich the connotation of bilateral strategic cooperation and make greater contributions to the harmonious and sustainable development of the world.

Keller fully agreed with Wen Jiabao's views and opinions on Sino German cooperation and the current international economic and financial situation.

He said that Germany appreciates China's effective response to the international financial crisis, maintaining its steady and rapid economic development, promoting financial reform in exchange rate and actively participating in international cooperation in accordance with its own national conditions.

Germany and China both attach importance to the real economy and are committed to doing their best in the first place and strengthening international cooperation on the basis of mutual respect, equality and mutual benefit.

Germany is willing to deepen and expand bilateral cooperation in various fields with China and closely coordinate and cooperate on major issues such as global governance system reform, further enhance the level of partnership with global responsibility in Germany and China, and promote the steady recovery and sustainable development of the world economy.

The two sides also met with representatives of German entrepreneurs.