VIENNA (Reuters) – China believes Europe can overcome its economic problems, President Hu Jintao said on Monday, without mentioning whether Beijing will play any major role in helping to solve the euro zone’s debt crisis.
Cash-rich China has already expressed confidence that Europe can survive its debt crisis, but has made no public offer to buy more European government debt while it awaits details on investment options for the euro zone’s EFSF rescue fund.
“We are following the economic development under the current difficulties with attention,” Hu told reporters through a German translator after meeting Austrian counterpart Heinz Fischer on a state visit.
“We are convinced that Europe has the wisdom and has the competence to overcome the current difficulties,” added Hu, who will attend a summit of Group of 20 (G20) leading economies in France later this week.
Klaus Regling, head of the EFSF (European Financial Stability Facility), tried at the weekend to
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