China has confidence on EU market, says central bank

 China has confidence on EU market, says central bank

TOKYO, Oct. 13 (Xinhua) -- China is willing to offer the eurozone support on getting through the difficulties, said Yi Gang, the vice¹ governor of the People's Bank of China on the annual meetings of International Monetary² Fund (IMF) and the World Bank Group Saturday in Tokyo.

Yi took part in a seminar on discussing the strengthening of eurozone with Jorg Asmussen, the Executive Board Member of European Central Bank. Yi expressed China's point of view on the European sovereign debt crisis and the recovery plan of the eurozone.

The European market is one of the largest markets in the world for China, so China suffered a significant impact of the crises through the real economy and financial market. China's export and trade with Europe slightly declined this year due to the shock, said Yi Gang.

But China never stopped investing in the European Union market even during the crises as China has confidence on EU, he said.

Yi also criticized the policy-making mechanism³ in the eurozone, saying long process of discussion makes the institution cannot take necessary measures on time during the crises. He said uncertainty⁴ damaged investors⁵' confidence.

China keeps very close cooperation with the European Financial Stability Facility and the European Stability Mechanism to support the recovery of eurozone, Yi said.

1 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

2 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。

3 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

4 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

5 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会