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Strategic vision needed for China-Europe ties

(Xinhua)

09:37, October 29, 2011

BEIJING, Oct. 28 (Xinhua)-- The European Union (EU)'s new bailout deal reached Thursday served a boost to global markets. China, as a major trade partner with the EU, welcomes its step to tackle the debt crisis and expects to enhance cooperation with the regional bloc for world economic recovery.

The eurozone is now facing difficulties as the ripples of the 2008 financial turmoil are still spreading. As a vital part of world economy, the EU efforts will surely have impacts on world economy, including China which has a strong tie with Europe.

The new debt crisis relief plan will stimulate confidence and play a positive role in stabilizing global financial markets in the short term, while constructive problems of the European integration remain and a European Financial Stability Facility (EFSF) with more firepower would not play a magic role in addressing the root cause of the problems.

Thus Europe is expected to face challenges of dealing with debt burdens, boosting economy and facilitating integration for years to come.

As a Chinese saying goes, a crisis always contains opportunities in itself. Europe's current painfulness arduousness to some extent is a certain inevitability on its way to integrity, and the EU nations' drive to this end would help remove obstacles on the way to a more efficient and unified Europe.

The crisis can also be an opportunity for expanding cooperation between China and Europe, for which strategic vision is needed.


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  1. Name

romanov at 2011-10-2980.94.16.*
2011-10-29.Another way new economical order with chinese leader"s as a matter of fact arrive the end all ant"s to come elephant or dragon.the thruth old-I to have monet I very good to ster economy and have possibility invest"s-development so it I rule how in normal good the Bank.
PD User at 2011-10-29120.20.248.*
The eurozone is now facing difficulties as the ripples of the 2008 financial turmoil are still spreading. As a vital part of world economy, the EU efforts will surely have impacts on world economy, including China which has a strong tie with Europe.

LovingChina at 2011-10-29183.39.53.*
Yes, we all wish and you think so about a strategic vision of friendship between EU and China but you are still begging for recognition to be a market economy. Why? If EU can solve this mystery for China, it may get more help; else China has to be very cautious, taking it step by step!
  

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