China to continue supporting Eurozone economy: Hu

08:18, May 17, 2011      

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Chinese President Hu Jintao (R) shakes hands with visiting European Council President Herman Van Rompuy at the Great Hall of the People in Beijing, capital of China, May 16, 2011. Hu held talks with Van Rompuy in Beijing on Monday. (Xinhua/Rao Aimin)

President Hu Jintao told visiting European Council President Herman Van Rompuv yesterday that China will continue to support European growth by investing there.

Meanwhile, Hu said that European Union should reduce its controls on high-tech exports to China, and recognize China's market economy status at an earlier date.

Chinese scholars on Europe have also urged the EU to lift a 22-year-old arms trade ban, simply because the embargo is political discrimination against China and Chinese people.
"China will continue to provide convenience for investments from EU firms," Hu said.

"The EU should take proactive measures to expand export of high-tech products to China, recognize China's market economy status and create a loose policy environment for Chinese firms to invest in EU countries," said the Chinese president.

The 27-member European countries are now China's largest trading partner.

Hu suggested that the two partners need to maintain high-level official exchanges, strengthen strategic dialogues and policy communication, expand coordination and cooperation on bilateral and multilateral affairs and work to develop an equal partnership featuring mutual respect, friendship and mutual trust.

Van Rompuy said the EU and China, both economic and political partners, have a lot in common despite differences in terms of development stage and level.

He also expressed his appreciation for China's contribution to helping maintain stability in the euro zone and promoting economic recovery in Europe.

Hu called for enhanced cooperation in the fields of trade, finance, innovation, environmental protection and new energy, and efforts to foster new growth areas and to advance the cooperative partnership that features reciprocity, win-win situations and common development.

He also called for increased cooperation and exchanges in the cultural and education sectors to deepen understanding and friendship between the two sides.

"China always treats China-EU relations in accordance with the development of the times and from a strategic perspective," Hu said. "We will work with the EU to further outline the overall development of China-EU relations and lift China-EU comprehensive and strategic partnership to a new level."

"Whether in the past, at present or in the future, China will always be a reliable cooperative partner of Europe," said the Chinese President.

By People's Daily Online
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