皇冠体育app

Economy

Europe remains key market for 皇冠体育app's forex reserve

(Xinhua)
Updated: 2010-07-16 14:03

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.

Related readings:  Funds outstanding for forex grow at a slower pace  皇冠体育app's forex reserves reach $2.45 trillion  皇冠体育app's forex reserve assets 'generally secured'  皇冠体育app will not target huge forex reserves or long-term payment surplus

"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."

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 US dollars at the end of 2009.