China mulls more efforts in EU debt

Updated: 2012-02-02 20:02


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BEIJING - China is considering "involving itself more " in the efforts to resolve Europe's debt issues through the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM), Chinese Premier Wen Jiabao said on Thursday.

Wen made the remarks when meeting the press after his talks with visiting German Chancellor Angela Merkel. Merkel arrived in Beijing Thursday morning, starting a three-day official visit to China.

Chinese authorities are studying and assessing joining in more efforts  to resolve Europe's debt issues by financing the International Monetary Fund (IMF) and through the EFSF, the ESM and other channels, Wen said.

He added that China is willing to enhance its communication with Germany via the existing bilateral mechanism of financial cooperation.

China is also ready to keep in close touch with all the other parties concerned to address the issue, he added.

"The Chinese side supports efforts to maintain the stability of the euro and the euro zone," Wen said, adding that China is "firmly" confident in the European economy and will not change its view that Europe is a major pillar of the world economy.