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We know that in Asia's development, opportunities and challenges and hopes and difficulties exist side by side. We also know that opportunities and hopes outweigh challenges and difficulties. History recalls that Asia was the cradle of several proud civilizations and the region where splendor was created profusely. In modern times, Asia has gone through trials and tribulations and worked relentlessly for development. Today, Asia is at a new starting point. The resilient and enterprising people in Asia are working together to embrace a new rise, thus bringing themselves to the world, to a better future and to modernity. In this changing world, China is ready to work with other Asian countries to jointly cope with challenges and overcome difficulties, so to push forward Asia's sound and sustainable development.

China has faith in Europe's capability of getting over the current crisis, said Wang Jiarui, head of the CPC Central Committee's International Department, during a meeting with European Parliament President Martin Schulz in the sidelines of a China-EU high level political forum that ended here on Wednesday.

The consumer price index, a main gauge of inflation, rebounded to 4.5 percent in January after easing to a 15-month low of 4.1 percent in December. But it still grew an annualized 5.4 percent in 2011, above the government's full-year control target of 4 percent.

A string of economic indicators in April suggested further economic weaknesses in the world's second-largest economy amid renewed uncertainty in Europe, prompting policymakers to adopt swift measures to stabilize growth.

The government also launched the Renminbi Qualified Foreign Institutional Investors (RQFII) pilot program in December 2011, in a bid to create more investment channels for overseas yuan funds.