Spanish Prime Minister Hopes That China Sustained Increase National Debt

pm on August 31, Spanish Prime Minister Jose Luiscompetitive.
Rodriguez Jose Luis Rodriguez Zapatero of Spain withIn the development of trade, while Zapatero hopes
a smile into the ambassador's residence garden, andto attract more investment from China. In his view,
waiting there, shook hands with reporters. ZapateroSpain is full of economic potential.
visiting from the East to find help to shake off theRead the information from the embassy, the Spanish
financial crisis, the Spanish forces.infrastructure complete, as of the end of 2009, Spain
Garden in the afternoon sun swept to the lasthas 2,230 km high-speed railway, the world; Spanish
vestiges of the storm last night, but Spain's economypopulation is relatively young, 67.8% of Spaniards
is still difficult in a crisis ahead.aged 16 to 64 years old, is a suitable source of labor.
August 13, the Spanish Bureau of Statistics dataThe current focus of Sino-Spanish cooperation in the
showed the Spanish economy in the second quarterfield of telecommunications, renewable energy, food
of sequential growth 0.2% growth rate lower thanand tourism, Spain, in particular welcomes Chinese
the overall level of the EU and the euro zone, whileinvestment in its financial, renewable energy,
the second quarter, the unemployment rate climbedautomobile manufacturing and other industries.
to 20.09%, the highest in 13 years since the high ofEncouraged China to buy Spanish bonds, deep
the EU average, nearly twice the unemployment ratefinancial difficulties of the Government of Spain is full
of 9.6%.of attraction. In July this year, China's State
Crisis in Spain's earnest hopes for China. ZapateroAdministration of Foreign Exchange to buy about 400
stressed: "Spain and Asia, especially China ties, themillion euros in Spain, 10-year bonds.
growth of our pillars of role." In an hour of media"China's holdings of behavior instills confidence in the
appearances, whenever Speaking of economicmarket. Spanish hope that the Chinese holdings of its
cooperation between the two countries, Zapatero'sbonds."
face will always emerge a confident smile.Zapatero admits that the post-crisis fiscal stimulus
Zapatero told reporters, on the day at four o'clock,measures to create a huge pressure, and now the
and Chinese Premier Wen Jiabao's meeting, they willfinancial crunch to force Spain to face a number of
be full of Chinese and Western economic issues, tosocial discontent. But he explained that a large
explore areas of cooperation to promote bilateralnumber of financial expenditure is for unemployed
investment and openness.people in the relief and re-employment training, Spain
Economic and financial cooperationTongshi also launched the labor market reforms, Li
Into the 21st century, the rapid momentum ofTu Shi Zhi Du employment more flexible. That are
bilateral economic and trade cooperation. From 2004conducive to the recovery of the labor market.
to 2008, bilateral trade volume has increased nearlySpain and Greece and other countries sovereign debt
three times, breaking the 20 billion U.S. dollars mark. Incrises, the international market, the euro is full of
early 2009, China and Spain is set for implementationanxiety. Since the beginning of this year, the euro
in 2011, bilateral trade reached 40 billion U.S. dollars ofagainst the dollar all the way down. August 30,
the target.European Central Bank President Jean-Claude Trichet
However, the crisis interrupted the developmentannounced that Eurozone banks are plans to extend
process. Eurostat data show that in 2009, Westernemergency assistance to early 2011, the euro against
fell to 19.42 billion U.S. dollars of bilateral trade volume,the U.S. dollar fell to 1.2660 is low.
down 31.6%, of which Spain's exports to China 2.75The EU is the world's trade group, GDP accounts for
billion, down 13.0%, imports 16.68 billion U.S. dollars25% of the total global GDP, so the euro is a strong
from China, down 34.0%.currency, "we issue the euro, is to never let it flow
Zapatero, 31, said he hoped to return to Westerndown."
trade, 30% -40% growth era, and especially wantsStart in the euro zone rescue plan to save the single
to expand exports to China, to reverse the situationcurrency, the EU has started to harmonize its
of Chinese and Western trade imbalance. He tolddiplomatic position. July 26, the European Union,
reporters stressed that while in danger, but Spain is"Foreign Affairs" - the formal establishment of the
still the world's top 89 industrial powers, highlyDepartment of Foreign Operations.