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&Nbsp Expresses Its Support For The Eurozone.

2012/2/16 12:20:00 7

EU Monetary Fund China Investment Finance

On the 15 day, the president met with Fan Longpei, chairman of the Council of Europe and the chairman of the European Commission, Barroso, who attended the fourteenth China EU summit.


He said that we firmly support the integration of the EU and are willing to strengthen political and strategic dialogue with the European Union, properly handle each other's major concerns and sensitive issues, deepen all-round, wide-ranging and multi-level cooperation, expand the interests of the two sides, and jointly promote the continuous progress of China EU strategic partnership.


China is closely watching and supporting the measures adopted by the European Union, IMF and the European Central Bank to deal with European debt problems, and will continue to strengthen communication and coordination with the EU, promote Sino EU economic and trade, investment and financial cooperation, and participate in the support actions of the international community for Europe and the euro area, he said.


   China EU summit discusses European debt crisis


Leaders of China and European Union held their fourteenth leaders' meeting in February 14th. The focus of this meeting is undoubtedly the European debt crisis and the extent to which China will give EU assistance.


Chinese Premier Hu attended the meeting with European Council president van Rompuy and European Commission President Barroso. It is also believed that the three will also discuss differences between China and the European Union in the issue of airline carbon emission quotas and other issues.


Fan Longpei and Barroso will also meet with Chinese President on Wednesday.


The EU hopes that China will provide funds to help the debt laden euro zone countries through the crisis.


Chinese Foreign Ministry spokesman Liu Weimin said on Monday that the European debt crisis is at a critical moment. He said: "the EU as the world's largest economy and China's largest trading partner can handle the debt problem, not only related to the EU's own economic development and future destiny, but also has a major impact on the recovery of the world economy and the long-term development of China EU trade and economic cooperation."


Liu Weimin said China supports the EU's efforts to deal with the debt crisis, and suggests that the EU should promote institutional, structural and fundamental reforms in finance and finance. He also said that China hopes that the heavily indebted countries will be determined to implement the appropriate fiscal policy according to their national conditions.

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