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China has been implementing the DOC with ASEAN members in a positive manner, including conducting joint research programs and cooperative projects, he added.

Indeed, the Chinese economy faces slowing trend due to impacts from the European debt crisis and contracting overseas demands, Wen noted.

First, we should promote internal drivers of growth. Here lies Asia's unique advantage in achieving sound and sustainable development. It is also the new trend in the open economic development in Asia. Asia is home to around 45 percent of the world's population. Most Asian countries are developing countries. Development is uneven both inside individual countries and among them, which gives a huge potential in their markets of domestic demand. Asia also has the world's largest labor force and the largest pool of engineers and scientific researchers, enjoying a remarkable edge in human resources. While continuing to unleash its comparative advantages in global competition, it is important for Asia to explore and expand markets of domestic demand, and while maintaining measured investment growth and increased factors input, Asia should fully tap the potential of consumer spending, technological upgrading and improvement of labor skills. In so doing, Asia's economy will be able to achieve robust, sustainable and balanced growth.

Wen called on the new Hong Kong administration to prioritize developing the economy and improving people's livelihoods, as Hong Kong is facing challenges in matters such as housing, employment and health care services.