China’s Hu says to help Portugal through crisis

LISBON, Nov 7 (BestGrowthStock) – Chinese President Hu Jintao said
on Sunday his country will back Portugal’s efforts to confront
the financial crisis, but stopped short of vowing to buy
Portuguese debt as the Iberian country hoped.

“We are willing to take concrete measures to help Portugal
cope with the global financial crisis,” he said after meeting
Prime Minister Jose Socrates, without elaborating further.

He also said he will encourage Chinese companies to invest
in Portugal. The two countries will also work to double their
bilateral trade by 2015, Socrates said.
(Reporting by Kevin Yao, Andrei Khalip)

China’s Hu says to help Portugal through crisis