Chinese VP reiterates support for euro

China.org Business

Visiting Chinese Vice President Xi Jinping reiterated China's support for the euro when he addressed a business forum in Dublin on Monday.

China is a reliable friend for European countries, including Ireland, in their move to fight debt crisis and seek economic recovery, and China is a trustworthy partner in the international multilateral arena, Xi told hundreds of business leaders from China and Ireland, who gathered here for a forum on the sideline of Xi's visit.

He said China will continue, in a responsible manner and within its own capacity, to support the efforts of the European Union (EU), the European Central Bank (ECB) and the International Monetary Fund (IMF) in resolving sovereign debt crisis in Europe.

China will continue to strengthen policy dialogue and coordination with the EU in advancing the bilateral trade, investment and financial cooperation, and China will participate in the action of the international community to support Europe and the eurozone, he said.

He also reiterated that Europe has the "ability, wisdom and solution" to overcome the difficulties.

One day earlier, Xi told Irish Prime Minister Enda Kenny that China attaches importance to the status of euro, China is optimistic about the prospect of the euro, and China supports the stability of the euro and the eurozone.

Europe is China's biggest export market and China has been concerned by the development of the debt problem in Europe. The Chinese side supports a stable euro.

After addressing the forum, the vice president is set to head for Turkey, the last leg of his three-nation tour.

Dalian 2007 - BBC World Debate China: Resolving Tensions of Growth

www.weforum.org 03.10.2007 China: Resolving Tensions of Growth In partnership with the World Economic Forum, and with the participation of leading Chinese experts, the BBC World Debate explores the tensions created by China's breathtaking economic growth. Economic success is quickly reshaping the nation's fortunes, creating new business and social expectations, and transforming society. How will the Chinese model maintain a balanced and sustainable path of rapid economic development, protect the environment and maintain social stability? Discussion Leaders Pierre E. Cohade, President, Asia-Pacific Region, Goodyear Tire Management Company (Shanghai), People's Republic of China Fan Gang, Director, National Economic Research Institute, China Reform Foundation, People's Republic of China CS Kiang, Chairman, Environment Fund, Peking University, People's Republic of China Wu Qing, Member of the Board, Beijing Cultural Development Center for Rural Women, People's Republic of China; Social Entrepreneur Facilitated by Nik Gowing, Main Presenter, BBC World, United Kingdom

Video Rating: 4 / 5



Comments

Post a Comment

Popular posts from this blog

Alibaba's Jack Ma expresses Yahoo interest

Image
Jack Ma, chairman and CEO of Alibaba Group, said he is very interested in buying all ofYahoo Inc. [File photo] Jack Ma, chairman and CEO of China's Alibaba Group, has said he is "very interested" in buying all of struggling Yahoo Inc. Alibaba spokesperson John Spelich confirmed that Ma made the remarks during his keynote speech at Stanford University in response to a question from a member of the audience. "Alibaba is very important to Yahoo, so is Yahoo to Alibaba," said Ma during a Q&A session. When he was asked which part of Yahoo he was interesting in, Ma responded, "the whole piece of Yahoo", Reuters reported. After Yahoo fired its CEO Carol Bartz, several U.S. media outlets singled out Ma as the outstanding candidate to succeed Bartz. Yahoo has reportedly also received inquiries from Microsoft, News Corporation and private equity firm Silver Lake Europe LLP. Alibaba faces a number of obstacles if it proceeds with its planned purchase of Yaho...
Keep reading

Shanghai port consolidates its position as world's busiest

Image
Shanghai, the world's busiest container port, will consolidate its title this year and leverage its record throughput to become a multi-faceted provider of port services. Containers lie at the Waigaoqiao port in Shanghai yesterday when the city witnessed 30 million TEUs cross its ports. [Shanghai Daily] The city, which overtook Singapore as the world's biggest container handler last year, saw its annual container traffic volume surpass 30 million 20-foot equivalent units (TEU) yesterday. The figure hits an unprecedented level in the world's port history and marks a new leg in Shanghai's voyage to become a global shipping center by 2020. China's remarkable trade boom is reflected in the Shanghai port numbers, which went from 7,951 TEUs in 1978 to 29.05 million TEUs in 2010. The city's customs oversaw a total of US$790 billion worth of imports and exports in the first three quarters of this year - a 19.3 percent year-on-year increase. And its port handled 23.9 mil...
Keep reading

Trade surplus falls as export reliance fades

CHINA'S traffic surplus fell by 6.4 percent in 2010 from a year earlier after supervision efforts to enlarge imports as well as revoke faith upon exports. The General Administration of Customs pronounced a surplus had been cut to US$183.1 billion. The proportion of surplus to total traffic worth declined to 6.2 percent in 2010 from 2009's 8.9 percent as well as 2008's 11.6 percent. Trade worth finished during US$2.97 trillion in 2010, a surge of 34.7 percent from a year earlier. Exports increasing 31.3 percent to US$1.58 trillion, whilst imports jumped to US$1.39 trillion, up 38.7 percent year-on-year. "While a lot of uncertainties still exist in a external world, China is correct to accelerate a gait of a economic restructuring as well as rely less upon exports," pronounced Xue Jun, an researcher during CITIC Securities Co. Both exports as well as imports shot to a jot down high final month. Exports in Dec increasing 17.9 percent upon an annual basis to US$154.1 ...
Keep reading