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BOAO, Hainan, April 2 (Xinhua) -- Promoting internal growth drivers is the new trend in Asia's open economic development, said Chinese Vice Premier Li Keqiang on Monday.

At the book-presenting ceremony, Liang said his visit aims at implementing the important consensus reached between Chinese President Hu Jintao and his U.S. counterpart Barack Obama on developing bilateral cooperative partnership, and positive results have been achieved to this effect.

It is my great pleasure to join friends from the world at the Boao Forum for Asia Annual Conference 2012. More than a decade ago, Boao was still a small fishing village little known to the outside world. Today, it has become a major platform for people to compare notes on issues important to Asia's development. Boao has grown through the opening-up and development of Asia and China, its opening-up and changes have reflected how deeply connected China and Asia, Asia and the world have become. This gathering gives all of us a good opportunity to look at our world and learn from each other. The Boao Forum is an open and inclusive platform, based in Asia yet with a global perspective. This year's theme "Asia in the Changing World: Moving Toward Sound and Sustainable Development" is a highly relevant one. On behalf of the Chinese government, I would like to extend our warmest congratulations on the opening of the conference and our sincere welcome to all the participants coming from afar.

Wen said private capital should be encouraged to flow to fields such as finance, energy, transport and social services, "which can not only alleviate the difficulties of economic development but also accelerate the development of these causes," he said.

China's economy expanded by 9.2 percent in 2011 from a year earlier and 8.9 percent year-on-year in the fourth quarter, according to the National Bureau of Statistics (NBS). The quarterly growth was the slowest in 10 quarters.