Tags: xi | china | eu | debt | crisis

China’s Xi: More Involvement Possible in EU Debt Crisis

Monday, 20 Feb 2012 05:19 PM

China is considering more involvement in resolving the European debt crisis through the European Union’s bailout funds, the country’s Vice President Xi Jinping said in a speech in Dublin Sunday night, broadcast by RTE Monday.

“We are considering more involvement in helping address the European debt issue through the European Financial Stability Facility, the European Stability Mechanism and other channels,” Xi said. “China supports the European integration process, the euro, and a stable economy in the euro zone, by purchasing European bonds, increasing imports from Europe, and expanding investment by Chinese enterprises in Europe.”

“We will pay close attention to and support a series of measures taken by the European Union, the International Monetary Fund and the European Central Bank,” Xi said.

Xi was on the last day of a three-day visit to Ireland. Dublin-based RTE played a translation of his remarks, which were made in Chinese.

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