China says EU remains key investment market   2010-05-27 18:02:46 FeedbackPrintRSS

BEIJING, May 27 (Xinhua) -- China's foreign exchange regulator said Thursday Europe will remain one of its key investment markets, refuting a report saying China is reviewing its holdings of European bonds as "groundless."

In a brief statement on its website, the State Administration of Foreign Exchange (SAFE), said China supported the measures taken by the European Union (EU) and the International Monetary Fund (IMF) to stabilize the financial markets.

"We believe, that with the concerted efforts by international community, the euro zone will definitely overcome difficulty and safeguard the stable and healthy development of the financial markets in Europe," said the SAFE statement.

China would continue to follow a principle of diversification in investing its foreign exchange reserves as a "responsible and long-term" investor, it said.

The statement reiterated China would as always support the EU integration process.


Greek crisis not to affect China's overseas investment

PARIS, May 26 (Xinhua) -- The eurozone debt crisis will not seriously affect China's overseas investment, the general manager of China Investment Corporation (CIC) said on Wednesday.

"The CIC will keep its investment level in Europe, no more, no less," Gao Xiqing said at the 2010 Organization for Economic Cooperation and Development (OECD) Forum in Paris.  Full story

Eurozone's adequate action vital to global economy

BEIJING, May 27 (Xinhua) -- The euro continued its fall on Wednesday, amid fears Greece's debt crisis could spread across the euro zone.

On the same day, the Paris-based Organization for Economic Cooperation and Development (OECD) said the instability of the euro stemming from the Greek debt crisis poses a threat to global economic recovery and there has been higher new risks. Full story

Europe debt crisis to have limited impact on nation

BEIJING, May 27 -- The contagion from the European sovereign debt crisis is expected to have a limited impact on China, and the real risk lies in its ripple effect on the United States that might drive down the nation's growth momentum as it exports to developed countries wither, senior economists at Citigroup said on Wednesday. Full story

China supports rescue moves to end EU sovereign debt crisis

BEIJING, May 24 (Xinhua) -- China was concerned about the ongoing sovereign debt crisis in several eurozone nations and supports the rescue actions taken by the European Central Bank and the International Monetary Fund (IMF), Chinese Minister of Commerce Chen Deming said here Monday. Full story

Editor: Xiong Tong
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