China has the confidence, conditions and capabilities to achieve this year's development goals, Premier Wen Jiabao said Sunday at a trilateral business summit between China, Japan and the Republic of Korea.

Wen noted that the Chinese economy is currently enjoying sound development momentum, and people's living standards and market confidence are continuing to improve.

China will accelerate the transition of the country's development mode, adjust the economic structure, strive to expand domestic demand, promote energy conservation and emissions reduction, develop the green economy and realize sustainable development, the premier said.