Tags: xi | china | eu | debt | crisis

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

Monday, 20 February 2012 05:19 PM EST

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.

© Copyright 2024 Bloomberg News. All rights reserved.


147
2012-19-20
Monday, 20 February 2012 05:19 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved