1. China says it supports a stable euro currency
and efforts by the European Union to recover
from the global financial crisis.Speaking with
Greek lawmakers on Sunday, Chinese
Premier Wen Jiabao pledged to address
European concerns about copyright violations
and investment rules in China.But the
Chinese leader urged the E.U. to do more to
relax trade barriers.rs.
proudvoices
2. Premier Wen Jiabao's address to Greek lawmakers was part pledge and
part prodding It came as he begins a weeklong tour of Europe that
includes an Asia-Europe and an E U -China summit In addition to voicing
China's support for a stable euro, Mr Wen pledged that China would not
reduce its holdings of European bonds He said that relations between
China and the E U are at a historic point and are poised to develop
further
3. Mr Wen said that it should be the common goal of the European Union
and China to promote development of their strategic relationship and
increase cooperation in proudvoices all economic and business sectors
He said that China is willing to improve dialogue with the E U to deepen
mutual understanding and trust The 27-nation European Union is China's
biggest trading partner Last year, it imported nearly $300 billion in goods
from China Mr
4. Wen said that trade levels this year already have exceeded levels
reached prior to the global financial crisis Still, trade ties between China
and the E U have their challenges They include concerns about the
undervaluation of the Chinese currency and market access in China for
European firms Mr Wen said China is committed to improving foreign
investment in China And he urged the E
5. U to do the same Mr Wen said that China is committed to confronting
threats to intellectual property rights, expanding bilateral trade and
upgrading cooperation in technology He said the Chinese government
hopes that the European Union will quickly recognize China's potential as
a full market economy, relax restrictions on the export of high tech goods
to China and fight European protectionism Mr Wen arrived in Athens on
Saturday His weeklong trip will also take him to Italy and Turkey, after a
stop in Brussels
6. In his remarks, Mr Wen pledged to double the amount of trade with
Greece to $8 billion in five years and extend credit to Greek shipowners
who buy Chinese-built vessels The premier is traveling with chinese
business leaders and eight members of his Cabinet Mr Wen also
promised that China would buy Greek bonds when they return to the
international market Greece has been seeking international investment
since narrowly avoiding a financial collapse earlier this year The country
has undertaken a series of reforms to reduce its debt as part of a $140
billion bailout by the European Union and the International Monetary
Fund
