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He studied geomechanics in Beijing and began his career in the geology bureau of Gansu province.
From 1968–1978, he presided over the Geomechanics Survey Team under the Gansu Provincial Geological Bureau and head of its political section.
In 1998, he was promoted to the post of Vice Premier under Premier Zhu Rongji, his mentor, and oversaw the broad portfolios of agriculture and finance.
Wen was dubbed "the people's premier" by both domestic and foreign media.
Following the global financial crisis of 2008, Wen's government injected four trillion yuan as part of a stimulus program.
Seen as the leading member of the reform wing of the Communist Party, Wen's family came under scrutiny by investigative journalists for having accumulated a massive fortune during his time in government, casting a cloud over his legacy shortly prior to his retirement.
Wen's most significant political recovery occurred after accompanying Zhao on his visit to students demonstrating in Tiananmen Square in 1989.
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Wen entered the Politburo Standing Committee, China's highest ruling council, in November 2002, ranked third out of nine members.
During the transition of authority as Hu Jintao assumed the presidency in March 2003, Wen's nomination as premier was confirmed by the National People's Congress with over 99% of the delegates' vote.
Wen served as Secretary of the Central Financial Work Commission from 1998 to 2002.
By the end of the 1990s Wen and Zhang Peili were the main investor and founder of Ping An Insurance, which was established with the help of Hong Kong tycoon Cheng Yu-tung's family through real estate firm New World Development.
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Throughout this period Wen was said to be a strong administrator and technocrat, having earned a reputation for meticulousness, competence, and a focus on tangible results.