China pledges to continue to invest in Europe and contribute to balanced global growth

Prime Minister Wen Jiabao at the opening of Summer Davos Economic Forum in Dalian (Northeast China) yesterday his country would continue to invest in Europe and that "contribute more to the growth of a balanced world."
Wen also stressed the need to contain inflation, public debt in the West.
He said in his opening speech to the World Economic Forum, held annually in Davos (Switzerland) Winter In China, the summer that China "will contribute to more balanced global growth," stressing on the other hand, "and should prevent the expansion of sovereign debt."
The Chinese Prime Minister that "China will continue to increase its investments in Europe," expressing his confidence in the ability of the European economy to rise again.
Wen said "China believes that the European economy is able to promote, and will continue to increase their investments in Europe."
He said the Prime Minister's second largest economy in the world "I hope that European leaders and the leaders of most European countries to think boldly in their relationship with China from a strategic point of view."
According to Wen that China's demand, especially from the European Union status granted "market economy" which is rejected by the union so far, justified this refusal that the necessary conditions are not available in China for granted this status.
And China, which has more than three trillion dollars exchange reserves to invest part of this huge amount of the assets of the euro may have already pledged to support Greece, Spain and Portugal.
The statements made by Chinese Prime Minister prior to the meeting scheduled next week for a Brix of the major emerging countries (Brazil, Russia, India, China and South Africa) which will discuss the possibility of extending a helping hand to the European Union to lift him from drowning in the debt crisis. Under the pressure of capital markets forced Italy to be confirmed Tuesday that it did not ask for help from China by buying part of the debt, pointing out that it was negotiating with Chinese investors about possible investments in the industrial sector.He said Chinese Premier Wen Jiabao said yesterday that China will continue to tighten monetary policy to contain inflation, but also expressed caution to avoid damage to the second largest economy in the world.
Wen said in a speech at the World Economic Forum in Dalian, a coastal city in northeast China, "We will keep the general level of prices basically stable, and we will prevent a large fluctuations in economic growth."
The decline in the annual inflation rate in China to 2.6 percent in August / August from 5.6 percent in July, which was the highest level in three years.
On the other hand, Wen said that China will press ahead with structural reforms and boost domestic consumption to support economic growth in the long term.
He added that the slowdown in economic growth is the result of credit tightening steps taken by the government and was "within expectations". Wen said that the risks in the global economy did not affect the strong economic fundamentals in China, "At the moment the global economy is recovering slowly, but the instability and uncertainty are increasing."
"The unemployment rates in major economies are still high and emerging economies face increasing inflationary pressures."
"All this shows that the global economic recovery will take time and will be hard and complicated."
Wen said that some countries face increased risks in relation to sovereign debt and that the effects of turbulence in global financial markets.
Deputy Prime Minister: Beijing always trust in the euro
Said Li Keqiang, Vice Premier of China, yesterday, said that the global economy faces increasing uncertainty factors, while sovereign debt crisis is exacerbated in some countries. But my feet with the assurances that Beijing is "always" what you trust in the euro.
Li said China will raise the degree of economic coordination with Europe. Earlier, U.S. President Barack Obama eurozone countries to pursue "a coordinated fiscal policy more effective." He said Chinese Premier Wen Jiabao said Beijing is ready to help the largest trading partner, but added that the breadth of Europe to prevent the crisis.