The global financial crisis has not yet hit bottom and its impact is still spreading, said Chinese Premier Wen Jiabao during his first-ever online chat on Saturday.

He also promised that China is "ready to take firmer and stronger actions whenever necessary."

The major impact of the crisis on China is on the country's real economy instead of the financial sector, which after more than 10 years of reform, is relatively stable and healthy and capable of withstanding the crisis, he said.

Wen said the major impact was on China's east coastal areas, where the economy is more export-dependent and labor intensive. The decline of international market demands also caused the unemployment of a great number of migrant workers.

China's gross domestic product (GDP) grew 9 percent year-on-year last year, the lowest since 2001, when an annual rate of 8.3 percent was recorded.

To cushion the blow of international financial crisis, Wen said China has announced a package of stimulus plans since last year, covering four aspects.

The first is the announcement a 4-trillion-yuan (US$588 billion) economic stimulus plan and tax cuts. The second is plans to revitalize ten key industries. The third is technical upgrading. The fourth is the building of a comprehensive social security network.

Initial results, but temporary

Wen said "the stimulus measures have shown initial effects and produced good results in certain areas and fields."

For example, the country has seen consecutive growths in credit supply, with new loans standing around 440 billion yuan in November, 770 billion yuan in December and 1.63 trillion yuan in January, Wen said.