China's Central Bank Sees European Debt Crisis Threat to Global Recovery

hina’s Premier Wen Jiabao and central bank officials have expressed their support for, and confidence in, Europe and the euro amid the crisis which has seen Greece and Ireland agree to bailouts from the European Union and International Monetary Fund totaling 195 billion euros.

Confidence in Europe

Wen said on March 21 he felt “optimistic about the U.S. economy, about the European economy and the whole world economy.”

China has had a policy of increasing purchases of European debt and is seeking to deepen ties with Portugal, Foreign Ministry spokeswoman Jiang Yu said in Beijing yesterday. Deputy central bank governor Yi Gang said in January that China has confidence in European financial markets and the euro. 

http://www.bloomberg.com/news/2011-03-25/china-s-central-bank-sees-european-debt-crisis-threat-to-global-recovery.html