China is "fully confident and capable" it can overcome current economic difficulties and will work closely with other countries to guard the stability of the global financial system; Vice Premier Wang Qishan was quoted by state media as saying. Wang did not elaborate on steps Beijing might take to help calm the worldwide financial storm, but his comments underline the possibility that China may yet play an important part in confronting a crisis from it has been largely sheltered because of its capital controls. "The Chinese government is to strengthen coordination with other countries to face up to the global crisis and promote the stability of the global economic and financial market," the official Xinhua news agency quoted Wang as telling former German Chancellor Gerhard Schroeder during a meeting.
