Foreign and Military Affairs
Chinese PM offers support for euro
Updated: 2011-06-25 19:48
(Agencies)
BUDAPEST, Hungary - Chinese Prime Minister Wen Jiabao has offered his country's support for Europe and its common currency amid the eurozone's debt crisis.
Wen says China is a long-term investor in the European sovereign debt market and has purchased a "not small" amount of euro-denominated bonds in the past years.
Wen says China will offer "consistent support for Europe and the euro."
Wen, on a five-day tour of Hungary, Britain and Germany just as Europe hammers out a plan to battle the eurozone debt crisis, met Saturday in Budapest with Hungarian Prime Minister Viktor Orban.
Wen says China is also willing to purchase bonds issued by Hungary, which does not yet use the euro, and offered Hungary a loan of 1 billion euros ($1.4 billion).
Specials
Premier Wen's European Visit
Premier Wen visits Hungary, Britain and Germany June 24-28.
My China story
Foreign readers are invited to share your China stories.
Singing up a revolution
Welshman makes a good living with songs that recall the fervor of China's New Beginning.