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Chinese Foreign Minister: China will Continue to Support the EU and the Euro

During his visit in Poland, Chinese Foreign Minister Yang Jiechi told the media that China pays close attention to the sovereign debt crisis in Europe. China supports the measures that the European Union and the International Monetary Fund have taken to stabilize the situation. “China continues to have confidence in the Euro zone and the Euro. In recent years, China has increased its holdings of Euro bonds.” Yang said that China will continue to support Europe and the Euro.

Yang also hoped that “the United States adopt a responsible monetary policy,” and that “the U.S. implement practical measures to insure the safety of other countries’ assets in the U.S.”

Source: China News Service, August 5, 2011