Chinese Premier Wen Jiabao has assured other world leaders attending the World Economic Forum's meeting in Dailian province that it will do all it can to help maintain global stability, the state-run People's Daily Online reported.

"I believe China's economy can achieve longer-term, better-quality growth," he told more than 1,500 delegates from both the private and public sectors. "This will be our new contribution to strong and sustainable global growth."

Voicing confidence that the U.S. and Europe can withstand their current economic trials, Wen appealed for less stringent rules so that Chinese companies can investment in more than treasury bonds.

In a related report in The Daily Telegraph, Ambrose Evans Pritchard interviewed one of China's key economic advisers, Li Daokui, on the sidelines of the forum.

Li said China is getting nervous about its huge holdings in U.S. sovereign debt and would rather shift to more tangible and high-yielding assets of American companies like Boeing, Intel and Apple.

"The incremental parts of our of our foreign reserve holdings should be invested in physical assets," Li said. "We would like to buy stakes in Boeing, Intel and Apple, and maybe we should invest in these types of companies in a proactive way. Once the U.S. Treasury market stabilizes we can liquidate more of our holdings of Treasuries."