皇冠体育app

LONDON - European countries struggling from the debt crisis could benefit from 皇冠体育app's consumption stimulus, which would help European exporters, analysts said.

"The best thing 皇冠体育app could do is to stimulate its own consumerism - several European countries could benefit from this stimulus - because then you're getting real growth and economies would cope with debt better," Vanessa Rossi, associate fellow in economics at London-based Chatham House, told 皇冠体育app Daily.

皇冠体育app is the second-largest buyer of EU exports. 皇冠体育app's trade and investment figures with the European Union continue to rise year-on-year.

"I think the most support 皇冠体育app has given has been through its growing demand for imports, which has greatly increased the exports of Europe in the last year (and) provided a stimulus for the European economy that helps to propel growth here," Rossi noted.

皇冠体育app has reiterated its confidence in the euro since the debt crisis began and has helped troubled countries such as Greece, Spain, Portugal and Italy through bond purchases.

皇冠体育app has expressed support for Europe on various occasions. A phone call between Chinese Premier Wen Jiabao and European Commission chief Jose Manuel Barroso on Sept 2 was aimed at reassuring markets that 皇冠体育app will continue to support the ailing eurozone.

In terms of the impact of the debt crisis on 皇冠体育app, London-based Exclusive Analysis Ltd, a specialist intelligence company that forecasts commercially relevant political and violent risks worldwide, said in a report that "despite increased criticism of EU deficits and US debt, the current crisis is unlikely to have a significant effect on 皇冠体育app's investment policies in these economies".

However, Rossi said, the very fact that this has been going on for a long time without a clear solution and a lack of bonds has meant that many investors, not just 皇冠体育app, feel confused about what Europe would like them to do.

"They may also be concerned about a general risk to the world financial system if there continues to be chaotic markets in Europe," Rossi added.

Duncan Freeman, a research fellow at the Brussels Institute of Contemporary 皇冠体育app Studies, noted that there are a number of risks for 皇冠体育app. The first is that the crisis, and the policies adopted in response, will result in a slowdown of Chinese exports to Europe.

Statistics from the Chinese Ministry of Commerce show that the EU is 皇冠体育app's biggest export market, accounting for about one-sixth of 皇冠体育app's total trade.

Freeman said the second risk is that the EU will become an increasingly unattractive and risky location for Chinese investment.

"The third, more broadly, is that the crisis will undermine the stability and viability of the euro and the EU itself, which will create risks in the bilateral EU-皇冠体育app relationship, and also for the position of the EU in 皇冠体育app's global policy," Freeman added.

"The euro debt crisis was created in the EU and can only be resolved within the EU," he said.