China urged European policymakers to back their tough talk with action on Tuesday by showing they can contain the euro zone’s festering debt problems.
China, which has invested an undisclosed portion of its $2.65 trillion (U.S.) reserves in the euro, said it backed Europe’s efforts so far to tackle the debt problems, but made clear it would like to see the measures having more effect.
“We are very concerned about whether the European debt crisis can be controlled,” Chinese Commerce Minister Chen Deming said during a dialogue between China and the European Union (EU), its biggest trade partner.
For more: China frets about EU debt woes - thestar.com
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