China backs EU after new debt-crisis-busting bonds
Updated: 2012-09-08 09:53
(Xinhua)
|
||||||||
BEIJING -- China will continue to support the European Union's endeavors to cope with the debt crisis, Foreign Ministry spokesman Hong Lei said Friday.
Hong made the remark at a daily press conference when asked for comment on the "Outright Monetary Transactions", a new bond-buying program announced by the European Central Bank on Thursday.
"We have taken notice of the program. We hope it can help stabilize the situation of the debt crisis and lift the market's confidence," said Hong.
The spokesman noted that the early resolution of the European debt crisis is of great importance to both the recovery of the global economy and China's economic development.
"We hope the EU will continue to build consensus and stabilize the situation,"said Hong, adding that China will continue to support the EU's efforts in this regard.
"Outright Monetary Transactions" are designed for open-ended purchases of short-term government bonds to keep borrowing costs down for struggling countries.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |