Arab Today, arab today china pledges continued support to resolve euro crisis
Last Updated : GMT 23:45:29
Arab Today, arab today
Arab Today, arab today

China pledges continued support to resolve euro crisis

Arab Today, arab today

Arab Today, arab today China pledges continued support to resolve euro crisis

Brussels - AFP

China pledged continued assistance Thursday to help tackle the eurozone debt crisis, saying Europe was \"on the right track\" but needed to implement the measures agreed to fix its problems. Premier Wen Jiabao told EU and Chinese business leaders that China had continued purchases of European government bonds in recent months and discussed cooperation with the new eurozone rescue fund, the European Stability Mechanism (ESM). As the 500-billlion-euro ESM becomes operational next month, \"China will continue to play its part in helping resolve the European debt issue through appropriate channels,\" Wen said. \"Europe is on the right track in tackling its debt issue... What is crucial now is to fully implement the policies agreed\" to put it on firmer ground, he told the meeting, held alongside the annual EU-China summit. The EU and China form \"one of the most important partnerships in the world,\" added Wen, who will step down early next year as China changes leadership. \"I hold the development of this relationship close to my heart,\" he said after signing a 49-point, four-page agreement with the EU ranging from foreign policy to research and development, and thousands of student scholarships. European Council President Herman Van Rompuy told the businessmen that, faced with slowing world growth, China and the 27-state bloc had to do their utmost to bolster the relationship, worth one billion euros a day in trade alone. \"Our economies are integrated to the point where it is difficult to imagine one without the other,\" he said, stressing the need for open markets and free trade -- an apparent allusion to a series of trade disputes with Beijing. Both sides, however, argued that the wider relationship was bigger than any trade spat, reaffirming in the summit statement \"the importance of trade openness to sustainable economic growth and development.\" Van Rompuy also highlighted efforts made to stabilise the eurozone through closer economic and political integration, speaking of an \"unrelenting commitment to the euro.\" In opening remarks to the summit earlier in the day, Wen noted a long list of positives but expressed regret that two issues were unresolved -- an end to an EU arms embargo imposed after the 1989 Tiananmen Square pro-democracy protests and China\'s market status. \"I have to be very frank in saying this... but the solution has been elusive over the past 10 years. I deeply regret this and I hope the EU side will take greater initiative to solve these issues,\" Wen added. This was Wen\'s last attendance at these summits, ahead of planned Chinese leadership changes due in the coming months. China will not get full market status until 2016 after accepting a 15-year transition period when it joined the World Trade Organization. EU sources said that Wen\'s comments were taken as his summing up of his summit record and that both issues were not addressed in the later discussions. On China\'s bond investments, the sources said they reflected a positive assessment of EU efforts to remedy the debt crisis and Beijing would \"continue the support, as it has been given, as long as the conditions are right.\" Van Rompuy and European Commission president Jose Manuel Barroso meanwhile paid tributes to Wen\'s role in fostering burgeoning ties over the past 10 years. \"Your role has been essential in bringing us to where we are today,\" Van Rompuy said. Home to half a billion people, the EU is China\'s single largest export market while China is the EU\'s second largest trading partner after the United States, with total trade worth nearly 430 billion euros ($560 billion) in 2011.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china pledges continued support to resolve euro crisis Arab Today, arab today china pledges continued support to resolve euro crisis

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday