China says should work with U.S. to fight recovery risks

BEIJING, May 23 (BestGrowthStock) – China and the United States
should strengthen economic stability and policy coordination to
combat risks to global recovery from Europe’s debt troubles,
the Chinese Finance Minister Xie Xuren said.

Xie made the call on Sunday in an essay published ahead of
high-level talks with U.S. officials in Beijing from Monday.

In the essay published in the Washington Post and on his
Ministry’s website, Xie argued that the two big economies
powers should find common ground in confronting risks from
Europe.

“At present, risks from European sovereign debt have
increased factors of instability in the course of global
economic recovery,” Xie wrote.

He wrote that China and the United States must “each
protect macro economic stability and strengthen macro-economic
policy coordination, to consolidate the trend towards global
economic recovery.”

Stock Market Basics
(Reporting by Chris Buckley; Editing by Jeremy Laurence)

China says should work with U.S. to fight recovery risks