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Wen: China will continue to buy European debt
Date 27/06/2011 15:01  Author webmaster  Hits 1109  Language Global
27 JUN 2011

EUOBSERVER / BRUSSELS - Chinese Premier Wen Jiabao has promised greater co-operation between his country and troubled European nations, including the further purchase of public debt.

Currently on a whistle-stop tour of Hungary, Britain and Germany - the second such visit to Europe in nine months - the leader reached agreement with Hungarian authorities on additional lending to the country during his visit to Budapest on Saturday.

Speaking to the BBC on the matter, he said Beijing would also continue to back debt purchases of other EU nations.

"Europe's debt crisis is expanding. Trust is more important than currency and gold. Now, during the debt crisis, we again bring trust to Europe," he said. EU parliament President Jerzy Buzek said in a written statement: "We should not forget about the many political activists and human rights defenders who are unjustly jailed in China - [Nobel laureate] Liu Xiaobo to start with."

During a speech at the China Central and Eastern European Countries Economic and Trade Forum, he called on eastern states to reduce trade barriers and establish customs co-operation and quality inspection.

He also said that on the Chinese side, he would work to ease market access for eastern European businesses.

Wen singled out telecommunications, energy and agriculture investment as areas where both sides could boost co-operation, as well as in infrastructure development.

Arriving in Britain on Sunday, he backed EU measures to contain its debt woes.

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