China backs EU after new debt-crisis-busting bonds

 China backs EU after new debt-crisis-busting bonds

BEIJING, Sept. 7 (Xinhua) -- China will continue to support the European Union's endeavors to cope with the debt crisis, Foreign Ministry¹ spokesman Hong Lei said Friday.

Hong made the remark at a daily press conference when asked for comment on the "Outright² Monetary³ Transactions (OMT)", a new bond-buying program announced by the European Central Bank (ECB) on Thursday.

"We have taken notice of the program. We hope it can help stabilize⁴ the situation of the debt crisis and lift the market's confidence," said Hong.

The spokesman noted⁵ that the early resolution of the European debt crisis is of great importance to both the recovery of the global economy and China's economic development.

"We hope the EU will continue to build consensus⁶ and stabilize the situation,"said Hong, adding that China will continue to support the EU's efforts in this regard.

"Outright Monetary Transactions" are designed for open-ended purchases of short-term government bonds to keep borrowing costs down for struggling countries.

1 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

2 outright   

adv.坦率地；彻底地；立即；adj.无疑的；彻底的

参考例句：

• If you have a complaint you should tell me outright.如果你有不满意的事，你应该直率地对我说。
• You should persuade her to marry you outright.你应该彻底劝服她嫁给你。

3 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

4 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

5 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

6 consensus   

n.(意见等的)一致，一致同意，共识

参考例句：

• Can we reach a consensus on this issue?我们能在这个问题上取得一致意见吗？
• What is the consensus of opinion at the afternoon meeting?下午会议上一致的意见是什么？