Mr. Wen said that China is also closely watching to see the effects of the policies taken by U.S. President Barack Obama aimed at returning the world's largest economy to health.
There is probably no better place to look for the effects of industrial policy today than China, and it is to data on the performance of medium-sized and large Chinese companies between 1998 and 2007 that the economists turn to test their ideas.
In 2007 the BBC visited the small hamlet of Shangba in southern China where one scientist was studying the cause and effects of pollution on the village.
Much has been written and can be found on the Internet about this policy and the current and long-term effects it is having and will have on China.
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Even though China is not Europe, all of Asia will feel the effects of a meltdown on the Continent.
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For emerging markets, the boost to incomes that comes from selling to China is welcome, but there are worries about unwelcome side effects.
The effects of this attitude can be seen throughout urban China.
But to really comprehend how far-reaching its effects can be, we should all be looking toward China, where 530 million people are now connected to the Internet and half of those use social media every day.
The longer-term effects are driven primarily by whether other countries, like China did recently, also downgrade the US. In that case, the biggest impact should be through the effect on the dollar as a reserve currency.
China and India, two countries with such controls, have escaped the worst effects of the crisis.
In June, China cut its benchmark interest rate by 25 basis points to 6.31 percent, and the effects are already being felt.
With apologies to the less wonkish, China is using physical capital as a loss leader in order to grow cities that will produce network effects will in turn foster the human capital that really makes a country rich.
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