1. Friday May 25, 2018
      Home > News > Politics
      Text:| Print|

      China willing to aid bailout: EU leaders

      2012-01-28 14:38 China Daily     Web Editor: Xu Aqing comment

      The leaders of Denmark and Finland said on Friday that China has showed a willingness to contribute to global efforts to bail out debt-ridden European countries. However, a senior Chinese policy adviser said there should be preconditions.

      Speaking at the World Economic Forum annual meeting in Davos, Helle Thorning-Schmidt, prime minister of Denmark, and Finnish Prime Minister Jyrki Tapani Katainen stressed the need for China and the European Union to cooperate to help struggling nations.

      Both sides are "in the same boat", said Katainen. "China will suffer from the worsening economic situation in Europe, and vice versa, so it would be good for China to use part of its foreign reserves surplus through (the International Monetary Fund) to finance countries in trouble.

      "This would not be free. It would always be conditional," he said, before describing the IMF as a "good and trustworthy" organization for China to invest in.

      Thorning-Schmidt, whose country currently holds the rotating six-month EU presidency, vowed to use the opportunity to "increase cooperation" with China, adding that the country is "willing to be part of the solution".

      Li Daokui, a scholar close to China's top decision-makers, said Beijing has never changed its policy to participate in the financial rescue, but insisted: "There need to be conditions". The first is that the EU must devise its own effective rescue package, said the Tsinghua University economics professor and policy adviser to China's central bank. The second is that the efforts are multilateral, not just bilateral.

      "China understands we are in a multi-polar era, meaning the world is not led by the US and China, so other global players should have equal chance to solve the global challenge," he said. "In this context, China will join in IMF process."

      However, the process will be complicated, he said, adding that if "emerging economies such as China, India and Russia put (in) money the IMF should continue to reform its governance and voting rights".

      European countries currently control more than 40 percent of the voting rights at the IMF.

      "It's reasonable for Europe to show a willingness (to cede voting rights to creditors)," said the professor. "(China) can offer help, but we also need promises from the European side. They cannot ask for help without taking action to help themselves or reform (the IMF)."

      While some in Europe are unhappy at the prospect of borrowing money from emerging states, some Chinese people are also concerned about the reality of developing countries rescuing wealthy ones.

      After the debt crisis hit in May 2010, the EU set up the European Financial Stability Fund, which will become a permanent rescue fund by the middle of this year. Head of the fund Klaus Regling visited China, Japan and other wealthy countries to solicit help this week, but failed to obtain any firm agreements.

      The IMF recently promised to expand its resources available to European countries in debt and warned that the worsening situation could affect the global economic outlook this year.

      Song Zhe, who until about a month ago was China's ambassador to the EU, said: "China will never be absent when it comes to global efforts to rescue debt-ridden European countries."

      China and the EU will hold a delayed annual leaders summit in February. It is expected that the rescue plan will be on the agenda.

      In the meantime, Finland's Katainen said China and Europe should try to further boost open trade and bolster common ground on global policy. Both sides should continue to improve cooperation and coordination within the United Nations framework, he added.

      Thorning-Schmidt added that she was also confident ahead of Monday's informal summit for European leaders that debt-affected countries will escape the crisis.

      "We are taking (the) right decisions now in terms of the countries which have large debts, and (are) strengthening our fiscal disciplines," she said. "After implementing them, the confidence and trust will start to pick up."

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产91在线免费| 成人免费午间影院在线观看| 精品亚洲国产成人av| 亚洲欧美日韩中文字幕一区二区三区 | 亚洲精品国产日韩| 黄色网页免费观看| 黄页免费在线观看| 无码日韩精品一区二区免费| 亚洲AV伊人久久青青草原| 亚洲Av无码专区国产乱码DVD| 亚洲人成77777在线播放网站不卡 亚洲人成77777在线观看网 | 在线成人a毛片免费播放| 亚洲无人区一区二区三区| 亚洲日本香蕉视频| 一区二区三区AV高清免费波多| 曰批视频免费40分钟试看天天| 日韩伦理片电影在线免费观看| 亚洲国产成人一区二区精品区| 狠狠入ady亚洲精品| 亚洲国产成人乱码精品女人久久久不卡| 日韩亚洲人成网站| 久久久亚洲精品蜜桃臀| 亚洲色大成网站www久久九| 99久久免费精品高清特色大片| 四虎在线播放免费永久视频 | 十八禁在线观看视频播放免费| 国产老女人精品免费视频| 91嫩草亚洲精品| 免费成人在线电影| 亚洲五月综合缴情婷婷| 91香蕉国产线观看免费全集| 亚洲午夜无码久久久久| 99热在线免费观看| 亚洲AV无码XXX麻豆艾秋| 在线观看视频免费完整版| 国产AV无码专区亚洲AV琪琪 | 99久久综合国产精品免费| 色偷偷尼玛图亚洲综合| 亚洲精品高清国产一线久久| 四虎成人精品国产永久免费无码| 国产亚洲精品xxx|