China Will Make Good Relationship for Economy Sector with EU
China expressed its support for EU policy and the International Monetary Fund (International Monetary Fund / IMF) to ensure global financial stability, one of them by addressing the debt crisis. Deputy Prime Minister of China Wang Qishan said yesterday, help China to Europe is a fundamental interest in order to strengthen economic cooperation of mutual benefit. Last week EU leaders pledged to maintain the European economy with the bailout mechanism permanently until 2013 with IMF support.
“China and the EU must be sure and make this cooperation opportunity to boost the sustainable and balanced growth,” Wang said at the opening of the High-Level Forum meeting Economic and Trade Dialogue (HED) between China and EU in Beijing yesterday. According to Xinhua, China is now the second largest trading partner for the EU over the last six years. Especially in the first 11 months of 2010, both trade reached USD433, 9 billion, up 33% over the same period last year.
“To cope with this confusing situation, the Government of China continues to improve macroeconomic controls and decides to adopt an active fiscal policy and tight in order to maintain the pace of growth,” said Wang told Xinhua.
At that time, China promised to support domestic Gods who earlier this year fall into the abyss deficit and was forced to accept the assistance of the European Union and IMF.Selain that, during a visit to Portugal, which also affected the country’s debt crisis, Hu Jintao said it would help the country with buy government bonds.