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BEIJING (MarketWatch) -- People's Bank of China Gov. Zhou Xiaochuan Wednesday gave the euro zone a vote of confidence, saying he believes the challenges it faces can be solved.
Speaking at an exhibition on the euro in Beijing with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, the Chinese central bank governor said he fully supports monetary measures taken by the European Central Bank during the crisis.
China plans to streamline and expand investment in Europe, he said.
Zhou also repeated recent statements by Chinese Premier Wen Jiabao that China will become more involved in efforts to resolve the crisis through mechanisms such as the European Financial Stability Facility.
At the same event, Barroso praised the trend of European integration, saying it is "inseparable" from the future of the euro.
Europe is moving toward a fiscal union, while the ECB is ensuring that banks have liquidity, he said. At the same time, it is important not to forget the importance of growing the economy and creating jobs, he added. |
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