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Chinese president reaffirms support to Europe in addressing debt crisis

(Xinhua)

08:29, August 31, 2012

Chinese President Hu Jintao (R) shakes hands with German Chancellor Angela Merkel in Beijing, capital of China, Aug. 30, 2012. (Xinhua/Pang Xinglei)

BEIJING, August 30 (Xinhua) - Chinese President Hu Jintao said Thursday that China firmly supports Europe's efforts to overcome the debt crisis and the important role that the International Monetary Fund (IMF) and other institutions play in resolving European debt issues.

Hu made the remarks while meeting with visiting German Chancellor Angela Merkel in the Great Hall of the People in Beijing.

In regards to the European debt crisis, Hu said Europe's early financial recovery is conducive to the stability and recovery of the world economy and to China's economic growth. He said China is ready to maintain communication and coordination with the international community to jointly prevent risks, safeguard the stability of the global financial system and promote sustainable recovery and growth in the world economy.

Merkel said many uncertain factors currently exist in the world economy, as the eurozone is faced with difficulties. The calm, appropriate response of China and the confidence and support it places on the euro and the European economy are especially precious to Europe.

She also said the eurozone nations are confident and determined to properly address the debt problem and further advance European integration.

Germany hopes to increase trade, investment and economic cooperation between Europe and China, said Merkel, who also expressed opposition to trade and investment protectionism.

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