Latest News:  
Beijing   Sunny    32 / 18 ℃  City Forecast

Home>>Foreign Affairs

China urges more unity and resolution in Europe

(Xinhua)

16:23, June 11, 2012

BEIJING, June 11 (Xinhua) -- A Chinese finance official called on Monday the European Union and the eurozone to take more resolute actions in fighting the debt crisis.

Vice Finance Minister Zhu Guangyao made the remarks at a press briefing in Beijing on the 7th leaders' summit of the Group of 20 (G20), which was scheduled to be held in Los Cabos, Mexico, next week.

The EU and the European Central Bank had made great efforts in fighting the crisis, Zhu said, noting that countries inside and outside the eurozone had provided a huge amount of funds.

Eurozone finance ministers confirmed Saturday that the single-currency area was ready to offer up to 100 billion euros (125 billion U.S. dollars) in a financial aid to rescue Spain's ailing banking sector.

China believed the move would have a beneficial effect on short-term risk controls, Zhu said, adding that China hoped the EU and the eurozone would reach a more decisive consensus and take more decisive actions to safeguard long-term stability in the region.

Fighting the crisis was very difficult and challenging, Zhu said, stressing that Europe and the G20 should reach a timely consensus to prevent the crisis from spreading.

China was ready to improve cooperation with Europe and the International Monetary Fund, under the framework of G20, to address the challenges, said the vice minister, noting that China believed that Europe have wisdom and capabilities to overcome the crisis.

The Chinese Foreign Ministry announced Sunday that President Hu Jintao would attend the G20 summit.

Email|Print|Comments(Editor:姚春、叶欣)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Mapping servicemen on uninhabited islands

  2. New terracotta warriors unearthed in NW China

  3. Embroidery works made on intangible cultural heritages exhibition

  4. Music ritual "Zen Shaolin" performed in Dengfeng

Most Popular

Opinions

  1. China’s courier industry primed for an overhaul
  2. Why China, US argue over PM2.5 data
  3. Nation needs private capital for resource demand
  4. Int'l board could give local stocks a run for money
  5. SCO is strategic choice for members
  6. Conditions not ripe for farm land privatization
  7. 'Going Global' a win-win game for both sides
  8. China is a strategic and reliable partner
  9. Anti-monopoly push may fail to woo private capital
  10. Real benefits of high trade volume remain elusive

What's happening in China

2012 H1 China Hot Air Balloon Challenge kicks off in Haikou

  1. China fiscal revenue up 12.7% Jan to May
  2. Slowdown in growth for home appliances
  3. Rainstorm-triggered mudslides kill 5, injure 7
  4. Wastewater tank poison kills 4 Zhejiang workers
  5. 1m people to travel for 3-day holiday

China Features

  1. Maritime spat between China and DPRK
  2. The 24 solar terms
  3. High ticket prices, unaffordable landscapes
  4. Huangyan tensions
  5. 2012 Russia-China joint naval exercise

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai