China’s central bank governor said Wednesday that the country will continue investing in euro zone government debt and remains confident in the euro, though he called on Europeans to produce more attractive investment products for China, Reuters reported. “We also hope that the euro zone and EU can innovate their mechanisms to offer new products that are more helpful for Sino-Europe cooperation,” said Zhou Xiaochuan, the governor of the People’s Bank of China. Zhou’s comments largely reiterated China’s established stance, including Wen Jiabao’s committment to maintain China’s reserves exposure, but his remarks still helped to push the euro higher in trading Wednesday. China has repeatedly emphasized its committment to the euro zone, but it made no concrete public commitments for new funding during German Chancellor Angela Merkel’s visit to Beijing earlier this month.
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