Chinese Premier Wen Jiabao met in Beijing Friday with Robert Lucas and James Mirrlees, both Nobel laureates in economics, as well as other foreign participants of an international symposium on private economy and China's development.

Wen briefed the guests on the current economic situation in China. He said the overall economic situation in China is good.

Since last August, Wen said, the Chinese government has adoptedsome macro-control measures addressing some obvious contradictionsand problems in economic development.

The government effectively curbed random investment, low-quality business expansion and loose management in land use and loan grants, Wen said.

Meanwhile, the government greatly supported industries in coal mining, electricity generating, oil producing and transportation, he said.

After all those effective measures, Wen said, the national economy remained in rapid but stable development.

He said he is confident of realizing the macro-economic goals set by the government.

The participants said many countries were amazed at the achievements made by the Chinese in economic growth, which has been rarely seen in world history.

The Chinese government wisely found problems in the process of development and returned the economy back to a stable track, they said.

Some participants also provided advice to the Chinese government on China's future economic development.

Source: Xinhua