DALIAN - Chinese Premier Wen Jiabao on Tuesday called for consolidated confidence in the process of world economic recovery during his meeting with World Economic Forum (WEF) Chairman Klaus Schwab in Dalian.

Wen said the world economy still faces many uncertain and unstable factors that have caused tremendous challenges and demanded further courage as well as wisdom to deal with them.

"Most of all, we need to consolidate our confidence," Wen said while meeting with Schwab prior to the Annual Meeting of the New Champions 2011, also known as the Summer Davos, in the northeast Chinese city.

The countries should step up their coordination in a bid to achieve a strong, sustainable and balanced economic development, Wen was quoted as saying by a press release issued by the Chinese Foreign Ministry after the meeting.

Wen also praised the Summer Davos since its establishment five years ago, noting the forum has played a positive role for the international community to generate joint efforts to tackle global challenges.

The forum, scheduled on September 14-16, has attracted some 1,700 participants from 90 countries and regions to discuss topics about economic structure and growth quality.

Schwab said the WEF will continue to work with China to build the forum into a platform for the members of the international community to exchange views.