adminLeaders of the world’s major developed nations and emerging powers will gather in the Mexican resort of Los Cabos from Sunday for the summit, held amid concerns over the European debt crisis and slowing US and Chinese growth.
“All parties are convinced that the European side
is capable of solving its own problems,” Chinese
Foreign Ministry spokesman Liu Weimin told reporters.
“Leaders of the European Union and relevant eurozone countries said repeatedly that the European side has the resolve, capability and resources to solve the sovereign debt issue,” he said.
“The summit should fully recognise this, and send the message of the G20’s confidence in European economic and financial stability.”
China has looked on with concern as the debt crisis deepens in Europe — its largest export market — and impacts its own economy.
Growth fell to 8,1 percent in China in the first quarter of 2012 from 9,7 percent a year earlier, due in part to Europe’s debt woes that have curbed business activity.
Chinese President Hu Jintao will be attending the G20 summit. — AFP.
Online Reporter