China's premier says helping Europe is 'helping ourselves'
Source: Agencies |
February 6, 2012, Monday
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Print Edition
Print Edition
CHINA has a stake in helping eurozone countries get through their debt crisis, Premier Wen Jiabao said in comments published yesterday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters.
Wen's remarks built on comments he made during German Chancellor Angela Merkel's recent visit to China, when he said Beijing was considering increasing its participation in rescue funds to address the European debt crisis.
This time, Wen urged skeptical Chinese citizens to understand that supporting Europe was also in their own benefit.
"Now Europe is facing a debt crisis and we must consider relations with Europe strategically to protect our national interests," Wen said while visiting the export-dependent southern Chinese province of Guangdong.
The Chinese premier's latest comments on the euro crisis again did not include any specific commitments to European economies. But he stressed the stake that China holds in defusing the situation.
"On the one hand, our biggest export market is Europe," said Wen. "On the other hand, Europe is our biggest source for importing technology.
"From this perspective, helping to stabilize European markets in fact amounts to helping ourselves. We must make all quarters of society understand this point."
China's exports to advanced economies, including Europe, have been hit by their continued woes, and Wen said domestic manufacturers would have to adapt and open up new markets. He also hinted that more support might come.
"Import and export policy must maintain overall stability," said Wen in a discussion with Guangdong manufacturers.
"If there must be adjustments, it should be more in the form of encouragement than restrictions," said Wen.
Wen's remarks built on comments he made during German Chancellor Angela Merkel's recent visit to China, when he said Beijing was considering increasing its participation in rescue funds to address the European debt crisis.
This time, Wen urged skeptical Chinese citizens to understand that supporting Europe was also in their own benefit.
"Now Europe is facing a debt crisis and we must consider relations with Europe strategically to protect our national interests," Wen said while visiting the export-dependent southern Chinese province of Guangdong.
The Chinese premier's latest comments on the euro crisis again did not include any specific commitments to European economies. But he stressed the stake that China holds in defusing the situation.
"On the one hand, our biggest export market is Europe," said Wen. "On the other hand, Europe is our biggest source for importing technology.
"From this perspective, helping to stabilize European markets in fact amounts to helping ourselves. We must make all quarters of society understand this point."
China's exports to advanced economies, including Europe, have been hit by their continued woes, and Wen said domestic manufacturers would have to adapt and open up new markets. He also hinted that more support might come.
"Import and export policy must maintain overall stability," said Wen in a discussion with Guangdong manufacturers.
"If there must be adjustments, it should be more in the form of encouragement than restrictions," said Wen.
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