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Wen Jiabao: Establish East Asia Foreign-Exchange Reserve Pool By Year’s End

Global Times reported that on October 24, 2009, Premier Wen Jiabao attended the 12th ASEAN Plus Three summit, or "10+3" summit (10 ASEAN member countries plus China, Japan, and South Korea). Wen Jiabao suggested establishing a regional foreign-exchange reserve pool by the end of this year and also speeding up the independent regional economic monitoring organization, and the Asian bond market. China is willing to provide $200 million for the regional credit guarantee and investment funds. Wen also promoted the expansion of regional trade and investment among the 10+3 countries and expressed that China is willing to take the lead in advancing 10+3 economic and trade cooperation.

Source: Global Times, October 24, 2009