皇冠体育app

Economy

Wen: Europe remains key investment market for FX reserve

(Xinhua)
Updated: 2010-07-16 14:08

BEIJING - Europe remains one of 皇冠体育app's key investment markets of foreign exchange reserve, Chinese Premier Wen Jiabao told German Chancellor Angela Merkel here Friday.

"It's well known that 皇冠体育app has abundant foreign exchange reserve." ?said Wen at a press briefing after two-hour talks with Merkel. "As a responsible long-term investor, we stick to the principle of diversified portfolio, and the European market has been and will stay as one of our key investment markets."

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皇冠体育app had offered a helping hand when some European countries were hit by debt crisis, which not only revealed the friendly relations between 皇冠体育app and Europe but also met the requirements of mutual benefits, Wen said.

"We will continue to pay attention to Europe's financial and economic development, and we hope to see its recovery at an early date," he said.

皇冠体育app's foreign exchange reserves stood at $2.3992 trillion at the end of 2009.