STOCK MARKET WATCH -- Friday, 22 November 2013

[Ghost Dog]

8. Chinese Premier: We want bigger ties with Europe

Exclusive: Li Keqiang says Beijing “firmly supports” European integration and wants to grow its economic ties with the region, targeting $1 trillion of trade with the EU by 2020

/... http://www.telegraph.co.uk/finance/businesslatestnews/10466511/Chinese-Premier-We-want-bigger-ties-with-Europe.html

By Li Keqiang
9:00PM GMT 21 Nov 2013

... I am pleased to see that many European countries are leaving recession behind them and the EU economy is being put on a more stable footing; China also has a good report card for its economy.

At the beginning of this year, the tough, complex situation, both domestically and internationally, placed mounting downward pressure on the Chinese economy. Some were predicting, as reported overseas, a hard landing for the Chinese economy and some even claimed it would go bust. We faced up to that pressure and stuck to the policy of not allowing either the deficit to grow or monetary expansion or contraction. Instead, we adopted a holistic approach based on innovative macro-economic management... We generated the internal driving force of economic growth, improved supply and boosted domestic demand through structural adjustment...

... As the world watched closely, the third Plenary Session of the 18th Communist Party of China Central Committee last week adopted a series of decisions aimed at comprehensively deepening reform in China. These decisions will not only speed up China’s social and economic development, but also help address resources and environmental constraints, as well as uneven development between urban and rural areas and among different regions, thus bringing greater prosperity to the Chinese people and creating new opportunities for our relations with the outside world.

Chief among these are the growing ties between China and Europe...

/... http://www.telegraph.co.uk/finance/comment/10466545/A-stronger-China-Europe-partnership-will-bring-us-all-greater-prosperity.html