China says 'to play its part' in resolving eurozone debt

BRUSSELS - Chinese Premier Wen Jiabao said on Thursday that Beijing will maintain its efforts to help resolve the eurozone debt crisis, after months of investing in European governments' sovereign bonds.

"China will continue to play its part in helping resolve the European debt issue through appropriate channels," Wen told a business summit after political talks with European Union leaders in Brussels.

"In the past few months China has continued to invest in bonds of European governments... and discussd ways of cooperation with the ESM," Wen said, referring to the European Stability Mechanism, a new 500-billion-euro rescue firewall set up by eurozone leaders and due to become operational next month.

"Europe is on the right track in tackling its debt issue," Wen told the audience. "What is crucial now is to fully implement the reforms" it has agreed on economic governance, he said.

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