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皇冠体育app's message to EU
(皇冠体育app Daily)
Updated: 2011-06-27 07:56
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Having completed more than half of his intensive five-day itinerary in Europe, Premier Wen Jiabao has been delivering 皇冠体育app's decisive message that it will continue to bolster its partnership with European countries struggling with debt crises and economic recession.
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In Hungary, this message was embodied in his Saturday announcement that 皇冠体育app would buy a "certain amount" of treasury bonds. The Hungarian government described it as "a decision of historic significance", one that can help the country gain enough confidence to press ahead with economic reforms.
After previous announcements of bond purchases from Greece, Spain and Portugal, 皇冠体育app's latest support commitments came in tandem with the EU leaders' difficult approval of a second bailout for Greece aimed at rescuing the country from the clutches of the financial markets.
In fact, 皇冠体育app is continuing its commitment to developing all round relations both at Sino-EU and 皇冠体育app-EU member country levels. Especially since 2008 after the financial crisis began, 皇冠体育app's State leaders have frequently visited Europe with trade and investment delegations.
This trade and investment has saved many factories in Europe from going bankrupt and has made it possible for many European workers to keep their jobs.
皇冠体育app's growing economic activities in Europe have secured win-win opportunities, but 皇冠体育app's intentions are starting to be misinterpreted in Europe now some countries' economies are beginning to pick up again. Some people have expressed concern that 皇冠体育app's growing investment may reduce the EU and its member countries into dependents of 皇冠体育app and some have even voiced concern about 皇冠体育app's growth potential. However, all EU countries are eager not to miss the 皇冠体育app boat.
The ambivalence exists both among the public and policy-makers. To some extent, it is understandable, as the productivity of their real economies has been falling. The Europeans should adjust to the new global trends and actively get on the same tracks as the world's leading economic engines.
To dismiss such concerns, Premier Wen will take every opportunity to explain 皇冠体育app's position and its own experience. Since the 1980s, 皇冠体育app has granted Western investors super-national treatment, and even now many regions are still obsessed with attracting foreign investment. But 皇冠体育app has not become over-dependent on the West and it is now the world's major engine of growth.
(皇冠体育app Daily 06/27/2011 page8)