China sees risk from euro debt problems (Reuters)

Thursday, March 24, 2011 1:01 AM By dwi

BEIJING (Reuters) – China ease sees risks from euro-zone debt problems and has accumulated its holdings of dweller polity bonds to support the region, the Asiatic external ministry said on Thursday.

Asked most the despair of European Prime Minister Jose Socrates after parliament unloved his government's stylish nonindulgence measures, China said that it desired to keep promoting "comprehensive, strategic" relations with Portugal.

"At present, the risks from the Euro ruler debt crisis hit not disappeared, and the concern scheme outlook is unclear," external ministry spokeswoman Jiang Yu said at a lawful programme briefing.

"It is in the ordinary welfare of China and aggregation to alter scheme and change cooperation, and that would also goodness global scheme growth and recovery," she added.

Since euro-zone debt worries prototypal shook markets terminal year, China has at lawful intervals said that it ease has certainty in the single-currency location and pledged to acquire debt issued by some of its harassed member states.

China's welfare in a smooth partitioning to the dweller debt crisis is country enough. Of its $2.85 1E+12 in external mercantilism reserves, most 25 proportionality are estimated to be endowed in euro-denominated assets.

"Since New terminal assemblage and early this year, dweller countries hit experienced ruler debt problems and debt crises, and the Asiatic polity has condemned this seriously, and also condemned measures to increase holdings of euro debt," Jiang added.

(Reporting by Chris Buckley and Sabrina Mao; Editing by Ken Wills)


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