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China has moved foreign-exchange reserves into Europe and will continue to “play its part” in tackling the euro-area debt crisis, Chinese Premier Wen Jiabao said.
“China has continued to invest in the bonds of European governments and those of the EFSF, and actively discussed ways of cooperation with the ESM,” Wen said through a translator at a European-Chinese business conference in Brussels today. “As a responsible long-term investor, China has pursued greater diversification in its investment and Europe has been one of the major markets for China’s foreign-exchange reserves investment. China will continue to play its part in helping resolve the European debt issue through appropriate channels.”
Wen also called on the international community to give “stronger support to efforts made by Europe.” In turn, he said European countries must “stick together in times of difficulty” and send a “clear message” about their commitment to safeguard the euro.
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