Bloomberg News

China’s Xi Says Considers More Involvement in EU Debt Crisis

February 20, 2012

Feb. 20 (Bloomberg) -- China is considering more involvement in resolving the European debt crisis through the European Union’s bailout funds, the country’s Vice President Xi Jinping said in a speech in Dublin last night, broadcast by RTE today.

“We are considering more involvement in helping address the European debt issue through the European Financial Stability Facility, the European Stability Mechanism and other channels,” Xi said. “China supports the European integration process, the euro, and a stable economy in the euro zone, by purchasing European bonds, increasing imports from Europe, and expanding investment by Chinese enterprises in Europe.”

“We will pay close attention to and support a series of measures taken by the European Union, the International Monetary Fund and the European Central Bank,” Xi said.

Xi today is on the last day of a three day visit to Ireland. Dublin-based RTE played a translation of his remarks, which were made in Chinese.

To contact the editor responsible for this story: Finbarr Flynn at fflynn3@bloomberg.net


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