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While things may not look good, we must not lose confidence. The truth is, Asia has emerged only stronger from the two previous financial crises. Quite many Asian countries have become much more experienced as to how to beef up the real economy and fend off financial risks. Regional cooperation in Asia has also delivered fruitful results. Last year, growth in Asia was still faster than the global average. Asia's share in the global economy further increased, and Asia contributed to about one third of global trade. This part of the world has remained one of the most dynamic globally.

He also said South-South cooperation in the field should be strengthened.

"Under the WMS framework, we are ready to host seminars on the innovation and development of the global media so that we can share our experiences, learn from each other and expand cooperation," he added.

Hong reiterated that China opposed the deployment of the Terminal High Altitude Area Defense (THAAD), an advanced U.S. missile defense system, in the Korean Peninsula, calling for prudent actions by certain countries.

BEIJING, Feb. 7 (Xinhua) -- Xi Jinping, general secretary of the Communist Party of China Central Committee, on Sunday conveyed condolences to the victims in the strong earthquake that struck southern Taiwan on early Saturday.