China has curbed the downward trend in economic growth and the country's macro-economic policy and economic stimulus package proved timely, powerful and effective, Premier Wen Jiabao said Thursday.

Wen made the remarks in a speech delivered at the opening ceremony of the 2009 Summer Davos held in north China's port city Dalian. The three-day summit, also known as the Annual Meeting of New Champions 2009 under the World Economic Forum, attracted about 1,400 business leaders and policy makers from 86 countries and regions.

"Generally speaking, China's macroeconomic policy and economic stimulus package to address the global financial crisis are in line with the country's reality, and are timely, powerful and effective," he said. "We cannot and will not change our policy stance."

Statistics showed that China's economy grew 7.1 percent in the first half of this year and 6.66 million urban residents found jobs in the first seven months.

(Xinhua News Agency September 10, 2009)