Russian media highlight Chinese premier´s Boao speech on economy

It said that China's 4-trillion-yuan anti-crisis stimulus measures dedicated to boosting domestic demand and economic growth have been widely applied to infrastructure sectors.

An article entitled "China takes the lead in surviving the crisis," which was published on the Website of Russian Finance magazine on Saturday, spoke highly of the Chinese government's anti-crisis efforts.

It cited Wen as saying that China's stimulus plan has taken effect, as growth in investment, consumption and industrial output and agricultural production have marked a renaissance of the Chinese economy.

The article pointed out that although China's GDP grew at the slowest pace in a decade, the confidence to tide over the crisis soon has prompted China to set up a 10-billion-U.S.-dollar "China-ASEAN Fund on Investment Cooperation" to support infrastructure development in the region.

The three-day BFA Annual Conference concluded Sunday in the Boao town in south China's island province of Hainan.

The event had attracted more than 1,600 political leaders, business people and academic scholars for discussions about the role of Asia in combating the financial crisis.

Editor:Liu Anqi