— Repeats China’s Confidence in Europe and European Markets
BEIJING (MNI) – Chinese central bank governor Zhou Xiaochuan has
said he welcomed the rescue package agreed last week to help Greece
through its current debt crisis, arguing the plan will help eurozone
financial stability and support the global economic recovery.
“This will help to solve the eurozone sovereign debt crisis,
maintain the eurozone and the financial stability of its member
countries, protect market confidence, and promote the European as well
as the global economic recovery and robust, sustainable and balanced
growth,” Zhou said in a statement at the weekend.
Zhou reiterated China’s confidence in the eurozone and the euro and
said the country will “continue to play an active and stabilizing role
in the international financial markets.”
“The European financial markets were, are and will be one of
China’s major investment markets,” Zhou said.
The Chinese central bank governor also repiterated that China
supports efforts by the European Union and eurozone countries to tackle
the global financial crisis and consolidate their fiscal positions.
“We are willing to step up cooperation with the European Union, ECB
and the European Financial Stability Facility and jointly explore
effective ways of cooperation,” he said.
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