Finance

Finance

China wants to be rescuer of eurozone

08 December 2011 07:45 (UTC +04:00)

Baku - APA-Economics. China has confidence in Europe and the euro, and will continue to back the European Union (EU)’s efforts to tackle the debt crisis, Chinese Foreign Minister Yang Jiechi said here on Wednesday, APA reports citing Reuters.

Yang made the remarks during his stay in Berlin for the second round of China-Germany Foreign Ministerial Strategic Dialogue.

Despite encountering difficulties at the moment, Europe is still an important force in the international community, Yang said while meeting with his German counterpart Guido Westerwelle.

The stability and growth of Europe’s economy could benefit all countries in the world, and China is willing to work with the international community to continue to support, in various ways, EU’s efforts to tackle the debt crisis, Yang said.

During the talks, Yang also noted that China attaches great importance to the EU’s role in the international affairs and fully backs the European integration process. On bilateral relations, Yang said experience since the establishment of diplomatic ties nearly 40 years ago has proved that the direct and close contacts between leaders of the two countries played an important role in guiding the development of the Sino-German relations. Yang believes that the two countries should further promote high-level mutual visits, expand the economic and trade cooperation, deepen people-to-people exchanges, and enhance dialogue and communications on the basis of mutual respects, so as to push forward the comprehensive development of Sino-German relations.