China to invest in EU bonds if risks controlled: Wen

Updated: 2012-08-30 15:27


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BEIJING - China is willing to continue investing in European Union (EU) government bonds on condition of fully evaluating the risks, Premier Wen Jiabao said Thursday.

China will enhance communication and consultations with EU, European Central Bank, relevant monetary funds and major countries to support the debt-ridden EU members to ride out the hardships.

Wen made the remarks when meeting the press after co-chairing the second round of Chinese-German intergovernmental consultations with the visiting Germany Chancellor Angela Merkel.

China hopes EU could find a balance between fiscal austerity and economic stimulus, which is the fundamental way-out to the crisis, Wen said.

The government should have confidence of the country, so does the financial institutions to the business, the enterprises to the market, and the consumers to the future prospects, Wen added.

China's cooperation with Germany and EU should center on bolstering confidence. We should let people see the hopes, oppose protectionism and deepen collaboration to explore the market, Wen said.