In fighting the debt crisis, E.U. countries have enhanced co-operation and carried out reform with tremendous courage. This is laudable.

In my view, Asian countries have learnt the lessons from the past and significantly enhanced their capabilities to fend off risks.

Reform is 'the biggest dividend' for China.

In pursuing reform, we have to navigate uncharted waters. We may also have to confront protracted problems because we will have to shake up vested interests.

There are many countries in the world that when they reached the middle-income stage, they witnessed serious structural problems such as growth stagnation, a widening wealth gap and increasing social unrest.

In this Internet age of shared information, even if you don't tell the people, they will find out.