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China calls for responsible actions to maintain investors' confidence

(Xinhua)

15:01, August 11, 2011

BEIJING, Aug. 9 (Xinhua) -- China on Tuesday urged relevant nations to take concrete and responsible fiscal and monetary policies to trim fiscal deficits and resolve debt problems to maintain global investors' confidence.

The call was made at an executive meeting of the State Council, or China's Cabinet, which was presided over by Premier Wen Jiabao, after U.S. and European stock markets as well as most Asian stock markets slumped on fears of mounting economic growth and debt strains.

China supports the joint statement by finance ministers and central bank governors of the Group of 20 on stabilizing financial markets, said a statement released after the meeting.

Relevant nations should work to maintain investment security and stable operation of markets, and international communities should strengthen cooperation and coordination of macroeconomic controls to push forward strong, sustainable and balanced growth of global economy, the statement said.

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