Infographie : François Descheemaekere |
China urged Europe and the upcoming G20 summit to reach a "timely" and "decisive" consensus to prevent the European financial crisis from spreading, Vice-Minister of Finance Zhu Guangyao said on Monday.
"We have to admit that, at present, the eurozone is faced with severe challenges, as the debt crisis deteriorates," he said at a news conference on the G20 which will be held on June 18 to 19 in Los Cabos, Mexico. President Hu Jintao will attend the summit. "We hope the summit will target the major problem in the world economy and come up with stable and powerful responses," Zhu said. China expects Europe to address the issues of debt more decisively, although the European Union and the European Central Bank were taking important steps to tackle it, he said.
China will "not be absent" from plans to add $430 billion in funds to the International Monetary Fund, said Zhu Jun, deputy head of the People's Bank of China's international department, without elaborating on how much China would inject into the fund.
Lire : europe.chinadaily.com.cn
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