Both China and the EU agreed here Sunday that it was not the right time to withdraw their stimulus policies as the world is fighting the global financial crisis.
"Early exit (of the stimulus policy) will make us lose all results we have already earned," Wen told a trio of European Union(EU) financial chiefs ahead of the 12th China-EU summit, which is to be held in eastern China city of Nanjing on Monday.
Wen met with Euro Group President and Luxembourg Prime Minister Jean-Claude Juncker, European Central Bank President Jean-Claude Trichet and EU Economic and Monetary Affairs Commissioner Joaquin Almunia, discussing issue on world economy, monetary policy and exchange rate.
The Chinese government announced Friday that it would continue its proactive fiscal policy and moderately easy monetary policy next year.
Wen said that the macro-economic policy in various countries remained focused on tackling financial crisis and stimulating economic growth.
He also said China and the European Union, two major economies in the world and important trade partners, should jointly fight trade and investment protectionism.
China's economic growth has approached its pre-crisis level a year after the adoption of the 4-trillion-yuan (about 585.6 billion U.S. dollars) economic stimulus package last year.
The country's economy grew 8.9 percent year-on-year in the third quarter this year, accelerating from 7.9 percent in the second quarter and 6.1 percent in the first quarter. In the third quarter last year, it increased 9 percent year on year.
However, some economists are concerned that loose monetary policy could drive up prices of stocks and housing, and build up unneeded factories and saddle the economy with bad debts. Some are talking about the timing of the stimulus policy exit.
During a meeting with EU financial chiefs, Wen said facing the impact of global financial crisis, China had maintained its stable economic growth by expanding domestic demand while working to stabilize external demand.
EU financial chiefs echoed Wen's stance on the exit strategy.
"We are considering the moment has not yet arrived to withdraw the stimulus packages that are under way in various parts of the world," Juncker told a press conference after talks with Wen.
Uncertainties remained for both China and the EU although economic recovery was on the way, and he Euro area would see no major withdrawals of stimulus measures in 2010, said Juncker.
The EU had a "full understanding" of the moves China had taken to deal with the economic crisis, he said.
Juncker said the talks also touched on the value of the Renminbi, China's currency, which was a major concern for the Europeans.
The 12th China-EU Summit is to be held on Monday in Nanjing, capital of Jiangsu Province. Chinese and EU officials would discuss the growth of Sino-EU relations, and major global issues, including economic recovery and climate change.