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China urges G20 to cooperate closely
By Feng Jianmin |
February 28, 2012, Tuesday
|
Print Edition
Print Edition
CHINA has urged the Group of 20 nations to cooperate more closely to battle the financial crisis, and said it may help Europe but only if the continent expends "full efforts" toward resolving its debt crisis.
Vice Finance Minister Zhu Guangyao and central bank Governor Zhou Xiaochuan have urged the G20 to prioritize market stability and economic well-being.
They also called on the G20 to help tackle the eurozone debt crisis, rising oil prices and regulate the flow of international capital, according to an official statement yesterday.
"The world economy has modestly improved and the financial markets stabilized since last November, but the risks of an economic downturn are still present," Zhu told Xinhua news agency while attending the G20 meeting of financial leaders and central bank governors.
He stressed that China will provide necessary support to Europe by joining the international community under the framework of the International Monetary Fund and G20 "if Europe makes full efforts itself."
Premier Wen Jiabao earlier this month also said China may boost its efforts in solving the eurozone debt crisis.
Vice Finance Minister Zhu Guangyao and central bank Governor Zhou Xiaochuan have urged the G20 to prioritize market stability and economic well-being.
They also called on the G20 to help tackle the eurozone debt crisis, rising oil prices and regulate the flow of international capital, according to an official statement yesterday.
"The world economy has modestly improved and the financial markets stabilized since last November, but the risks of an economic downturn are still present," Zhu told Xinhua news agency while attending the G20 meeting of financial leaders and central bank governors.
He stressed that China will provide necessary support to Europe by joining the international community under the framework of the International Monetary Fund and G20 "if Europe makes full efforts itself."
Premier Wen Jiabao earlier this month also said China may boost its efforts in solving the eurozone debt crisis.
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