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."