Chinese Premier Wen Jiabao (C), European Commission President Jose Manuel Barroso (R) and Swedish Prime Minister Fredrik Reinfeldt pose for a group photo during the 12th China-EU summit in Nanjing, Nov. 30, 2009.

　　Chinese Premier Wen Jiabao delivered a speech at the closing ceremony of the fifth China-European Union (EU) Business Summit on November 30. European Commission President Jose Manuel Barroso and Swedish Prime Minister Fredrik Reinfeldt also attended the closing ceremony. The annual business summit, with the theme of "The Green Agenda: Sustaining Growth beyond the Recovery," focused on how to achieve a sustainable recovery from the global financial crisis, climate change as well as the development of China-EU trade relations. Running in parallel with the annual China-EU summit, the business summit is recognized as the highest-level platform for exchanges between Chinese and EU business leaders. To read the speech, please go to

            Chinese Premier Wen Jiabao attends the closing ceremony of the fifth China-EU Business Summit in Nanjing, Nov. 30, 2009.

　　China will maintain the stability of its Renminbi (RMB) exchange rate all along, which does good for the world economic recovery, Chinese Commerce Minister Chen Deming said on November 30 while he is attending a ministerial conference of the World Trade Organization in Geneva. China's exchange rate reform has continued smoothly, and the value of RMB has risen by some 20 percent against the U.S. dollar since 2005. Despite the impact of the global financial crisis and all kinds of other difficulties, the Chinese government has actively tried to boost domestic consumption and stimulate imports. According to the minister, China's foreign trade surplus is expected to drop by more than a third to 190 billion dollars this year from last year's 290 billion dollars. Chen also urged the world's major reserve currencies to remain stable. He said the continuous depreciation of these currencies had caused much difficulty for the world economy, and that the attempts to transfer the difficulty to other countries are unjustifiable.