News & Reports News Year 2011 september,2011 Wen upbeat on euro

Wen upbeat on euro

CHINA retains confidence in the euro and Europe's economy but the region's governments need to ensure the security of Chinese investments there, Premier Wen Jiabao said yesterday.
With about a quarter of China's record foreign currency reserves of US$3.2 trillion held in euro assets, Chinese leaders have repeatedly voiced support for the debt-mired single currency area.
"China is always having confidence in the European economy and the euro and will continue to make Europe one of its major investment markets," Wen told European Commission President Jose Manuel Barroso over the telephone. "China hopes Europe will ensure the safety of China's investments there."

Last Updated (Sunday, 04 September 2011 07:39)