BEIJING (MNI) – China’s attitude towards European sovereign debt
remains positive and the government will continue to support measures
designed to support recovery in Europe, an official with the Chinese
Ministry of Foreign Affairs said Tuesday.
“China will continue to do its best in supporting the efforts of
European countries to boost their economic recoveries and help them to
overcome the debt crisis,” Vice-Minister Fu Ying said.
“We are still positive on European bonds,” she told reporters at a
briefing ahead of Premier Wen Jiabao’s visit to Europe next week.
Wen is intending to visit Greece, Italy, Belgium and Turkey next
week and will attend the Eighth Asia-Europe meeting in Brussels to
discuss economic issues with European leaders.
European officials have confirmed that China has been a buyer of
eurozone sovereign debt, including that issued by Greece and Spain.
Irish and Portuguese 10-year bond spreads both hit post-EMU highs
in Tuesday morning European trading amid ongoing concerns about the
fiscal health of the states on the periphery of the single currency
union.
beijing@marketnews.com
** Market News International Beijing Newsroom: 86-10-5864-5274 **
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