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 China reiterates confidence in European economy

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PostSubject: China reiterates confidence in European economy   Tue Sep 13, 2011 2:42 pm

Economics 9/13/2011

China reiterates confidence in European economy

TOKYO, Sept 13 (KUNA) -- China reiterated on Tuesday its confidence in the European economy and euro, adding that Europe will continue to be one of China's major foreign investment markets, the official Chinese (Xinhua) News Agency reported.

Chinese Foreign Ministry spokeswoman Jiang Yu made the remarks in response to a question regarding whether the world's second-biggest economy will purchase Italian bonds.
"To properly settle Europe's sovereign-debt troubles is of vital importance to maintaining the stable worldwide development of finance and trade as well as the global economy," Jiang was quoted as telling a press conference in Beijing.

Reports said Italy's Finance Ministry has held talks with China's sovereign-wealth fund and other Chinese monetary authorities with regards to Beijing buying Italian bonds.
"We support European countries' efforts to handle the debt crisis, and believe they will enhance coordination and take collective measures to properly address related issues," she said.


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