. Space Industry and Business News .




.
POLITICAL ECONOMY
China pledges support for crisis-hit Europe
by Staff Writers
Berlin (AFP) Dec 7, 2011



China will support Europe in its efforts to overcome its debt crisis which Beijing sees as only temporary, Chinese Foreign Minister Yang Jiechi said after talks here Wednesday.

"I would like to emphasise that China, together with the international community, supports the efforts of the EU... to fight the crisis," Yang told reporters through an interpreter.

EU leaders gather in Brussels from late Thursday for a decisive summit continuing Friday that has been dubbed the last chance to save the beleaguered euro.

Since the 2008 financial crisis, China has cooperated effectively with the European Union and 17-member eurozone, the Chinese foreign minister said, adding that bilateral cooperation was now more extensive.

Speaking after talks with German Foreign Minister Guido Westerwelle, Yang said he believed the difficulties of the EU and eurozone were "only of a temporary character".

He said it was to China's advantage and other countries in the world that the European economy was stable and that it continued to grow.

Bilateral trade between China and Germany is expected this year to $160 billion dollars compared to $142 billion last year, he said. Trade with the EU was expected to exceed $500 billion this year.

European leaders have lobbied China, the world's second largest economy, to help struggling eurozone countries by contributing to a bailout fund, but so far Beijing has not made a firm commitment.

The Asian powerhouse, which has the world's largest foreign exchange reserves at $3.2017 trillion, has said it is keen to seek more investment opportunities in Europe, but has held back from agreeing to contribute to the fund.

Related Links
The Economy




.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Australia notches 1.0% quarterly growth
Sydney (AFP) Dec 7, 2011
Australia's mining-powered economy grew 1.0 percent during the September quarter in a result hailed by the government on Wednesday as "exceptional" given the ongoing global turmoil. The Australian Bureau of Statistics said mining and construction underpinned the robust performance, which represented on-year growth of 2.5 percent and followed upwardly revised growth of 1.4 percent for the thr ... read more


POLITICAL ECONOMY
Dell abandons Android tablet in US

Proton beam experiments open new areas of research

Streaming to overtake cable in 3-5 years: Netflix

Thinner thermal insulation

POLITICAL ECONOMY
Northrop Grumman Awarded Microscale Power Conversion Contract

Raytheon First to Successfully Test With On-Orbit AEHF Satellite

Lockheed Martin AMF JTRS Team Demonstrates Communications and Tactical Data Sharing At Army Exercise

Boeing Ships WGS-4 to Cape Canaveral for January Launch

POLITICAL ECONOMY
Europe's third ATV is loaded with cargo for its 2012 launch by Arianespace

Assembly milestone reached with Ariane 5 to launch next ATV

Russia launches Chinese satellite

AsiaSat 7 Spacecraft Separation Successfully Completed

POLITICAL ECONOMY
China launches 10th satellite for independent navigation system

Authorities Gauge Impact of Europe's Galileo Navigation Satellite System

Russia's Glonass-M satellite put into orbit

ITT Exelis and Chronos develop offerings for the Interference, Detection and Mitigation market

POLITICAL ECONOMY
Hundreds of flights cancelled due to Beijing smog

Air France suspends maintenance in China

US 'concerned' about EU airline carbon rules

German airline seeks Chinese, Gulf investors: report

POLITICAL ECONOMY
Samsung to build flash memory chip line in China

Swiss scientists prove durability of quantum network

New '3-D' transistors promising future chips, lighter laptops

Pitt Researchers Invent a Switch That Could Improve Electronics

POLITICAL ECONOMY
NASA Satellite Confirms Sharp Decline in Pollution from US Coal Power Plants

China launches remote-sensing satellite Yaogan XIII

Texas Drought Visible in New National Groundwater Maps

APL Proposes First Global Orbital Observation Program

POLITICAL ECONOMY
Smog sparks debate over Beijing air standards

No breath of relief for kids in dirty Czech steel hub

UI engineers conduct residential soils study

6,000 evacuated after China chemical plant blast


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement