During a visit to Tokyo where he met Japanese counterpart Yukio Hatoyama, Wen said the global economy is recovering but remains fragile and faces various risks that require international cooperation.

"Some people argue that the global economy has already recovered and that we can now take stimulus exit measures but I think that judgment is too early," Wen said in a speech to business leaders in Tokyo.

"We need to prepare for (future) difficulty. The debt crisis in some European countries may impede Europe's economic recovery and bring change to European markets," he said.

"China will make sure it maintains a sense of crisis," he added.

Exporting nations such as China have eyed the eurozone cautiously amid fears that tough austerity measures being introduced to tackle fiscal debt could weigh on growth in the region and erode demand for their goods.

Wen added that "individual countries need to cooperate and increase their support to the economy through policy. There is no room for slacking."

China's exports in April were up 30.5 percent from the same month a year earlier, according to state media, as shipments help drive economic growth that registered a blistering rate of 11.9 percent in the first quarter.

However, rampant inflation and soaring property prices at home have fuelled fears the world's third biggest economy may overheat and derail, putting pressure on Beijing to hike interest rates and let its currency rise.

On the domestic front, Wen added that it was "very important to control inflation," in China and maintain the yuan "at a reasonable level" despite international pressure on Beijing to alter its exchange rate policy.

"We have to take a certain stimulus policy so that the economy will keep on growing steadily at a relatively high rate," he said.

The yuan has been effectively pegged at about 6.8 to the dollar since mid-2008 to aid exporters during the global financial crisis -- a policy some in the United States and Europe say gives those exporters an unfair advantage.

The crisis in Europe, driven by soaring debt and public deficit levels, deepened last week when Fitch Ratings downgraded the sovereign debt of Spain on concerns austerity measures will hit growth.

The downgrade came a day after Madrid approved a tough package to shore up public finances and reassure investors that it will not follow Greece into a debt crisis.

Markets remain concerned despite a near trillion-dollar package to prevent the troubles of debt-ridden Greece spreading to the rest of Europe.

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