Latest News:  
Beijing   Sunny    2 / -9   City Forecast

People's Daily Online>>Foreign Affairs

China not out to purchase Europe: Wen

By Ding Qingfen (China Daily)

10:59, February 04, 2012

German Chancellor Angela Merkel and Chinese Premier Wen Jiabao (R) pose in front of a model of a tunnelling system during their visit to a plant of the Herrenknecht Tunnelling Equipment company in Guangzhou Feb 3, 2012. (Photo/Agencies)

GUANGZHOU - Premier Wen Jiabao said on Friday that China has neither the intention nor the ability to buy up Europe, answering concerns over the country's increasing investment in debt-stricken eurozone economies.

China is "willing to cooperate with Europe to fight the current crisis. Some people say this means China wants to buy Europe", the premier told a business forum in the southern city of Guangzhou.

Such a worry is unnecessary, although the nation encourages its companies to invest in the region, he said.

"This isn't a concern and doesn't fit reality. China doesn't have this intention and doesn't have this ability."

Wen stressed that China's investments in European nations are only at the fledgling stage, and China's investment creates benefits for both sides.

"If we join hands to combat the financial crisis and the debt woes, all the problems will be addressed," he said.

German Chancellor Angela Merkel, in China for a three-day visit to boost her host's confidence in Europe, also attended the forum along with executives from the energy, chemicals, engineering, banking and electronics sectors.

【1】 【2】 【3】


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Various lanterns displayed to greet Lantern Festival

  2. New school buses put into use in Tianchang, China's Anhui

  3. China's northern regions in grip of severe cold

  4. Folk artists perform dragon dance in Anhui

Most Popular


  1. Chinese consumers fill big Western shoes abroad
  2. Returned migrant workers refill "empty nests"
  3. Luxury shoppers ring alarm bells
  4. Twitter critics confuse politics with business decision
  5. Japan’s actions over Diaoyu Islands will backfire
  6. A reality check on lunar new year
  7. Riding the tide of the times
  8. EP should get fully involved in EU decision making
  9. How can Europe avoid "a lost decade?"
  10. China's success here to stay

What's happening in China

Pollution costing China dear: report

  1. HK may adjust quota for mainland mothers
  2. Han Han takes fraud fight offline
  3. Mailbox windfalls baffle community
  4. Residents shocked by sadistic cat killings
  5. Xi'an keeps large dogs out of center

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance