“We look for the eurozone and EU to ... offer investment products that are more attractive and favorable for China-EU cooperation,” Zhou said.
He made the comments while hosting an event for visiting European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso.
He also said that China would increase its participation through the International Monetary Fund, the European Financial Stability Facility and the future European Stability Mechanism.
“At the G20 meeting, our state leaders promised European leaders that, amid the global financial crisis and the European sovereign debt crisis, China will not reduce the proportion of euro exposure in its reserves,” Zhou said.
“China needs to continue economic reforms for sustainable growth”
China has emerged successfully from the global financial crisis, but the nation must continue to undertake fundamental reforms to sustain its economic growth and help the rest of the world recover, Nicholas Lardy, a senior fellow at the Washington-based Peterson Institute for International Economics, said on Feb. 1.
Despite the impressive economic performance, China must adopt a “fundamentally new growth model if it is to sustain anywhere near its recent pace of economic growth” and cope with various economic imbalances, Lardy argued in his new book entitled “Sustaining China’s Economic Growth After the Global Financial Crisis”.