- CNTV English - CCTV News

Eurozone debt crisis tops China-EU Strategic Dialogue's agenda

07-06-2012 10:18 BJT

Watch Video

Play Video

The EU-China Strategic Dialogue is set to get underway next week with both sides keen to find a way to stem the debt crisis affecting the eurozone and by extension one of its major trade partners.

Ahead of the meeting, an EU delegation visiting Beijing and the Cyprus Embassy held a joint press conference earlier on Thursday.

The euro zone crisis is likely to last longer than many have previously expected. Some are however suggesting that the region is slowly paving its way out of the woes.

EU ambassador to China H. E. Mr. Markus Ederer said, "The EU is certainly facing a very profound economic challenge, but I will argue that EU is also extracting itself, step by step, from that crisis."

On July 1st, Cyprus has kicked off its presidency of the EU council. This came shortly after the island has requested emergency help from the EU’s Financial Stability Facility.

Ederer said, "The situation is not a happy one, but it is very very manageable, and it will not be incompatible with Cyprus’s trying to negotiate in other loans and assistances, China included."

Reporter: “Now I’m standing in front of a set of national flags. This gives us a hint: in such an integrated world economy, not a single country can immune itself from the outside turmoil. So is China.”

Professor Wang Zhanpeng with Beijing Foreign Studies University said, "Against the backdrop of globalization, China should rescue Europe. But regarding the means, it may not be as expected by some European countries as pumping funds into the EU Financial Stability Facility, because Europe is a big economy, almost twice the GDP volume of China. But by enlarging Chinese trade and investment in Europe, China could be helpful for Europe’s recovery."

A new round of the EU-China Strategic Dialogue will kick off on July 9th. High ranking officials from both sides will look into global hotspots such as Syria, developments in the DPRK, and also try to deepen trade and economic cooperation.


Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program