China's Hu 'confident' in the euro: Sarkozy AFPBy Pascale Trouillaud | AFP – Thu, Aug 25, 2011
China's president has expressed confidence in the euro, visiting French President Nicolas Sarkozy said on Thursday, as concerns about the future of the 17-nation eurozone intensify.
"President Hu is not worried by the situation in the eurozone. He told us he had confidence in the euro," Sarkozy told journalists after holding talks with President Hu Jintao in Beijing.
China has invested an increasing portion of its world-leading foreign exchange reserves in euro-denominated assets.
The story continues
