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BEIJING, Feb. 3 (Xinhua) -- German Chancellor1 Angela Merkel's visit to China this chilly2 winter reinforces convictions that China and the European Union (EU) have the will and ways to pull through the economic frigidity3 with more unity4.
The talks between Merkel and top Chinese leaders show the world's two growth engines are hand in hand at the forefront of the battle against the recession, and inject a dose of reassurance5 to touchy6 global financial instability.
China, considering its relationship with the EU, has never been muted on its role in aiding the economy out of its debt mire7. It is considering more involvement in the rescue through major international financing bodies, as Premier8 Wen Jiabao told Merkel Thursday.
Given the complexities9, China has to make thorough investigations10 before announcing concrete moves. Prudent11 actions foster accountable effects, otherwise the rescue money, which comes from the national foreign reserves, would not find its rightful place. Worse, it would arouse domestic pubic complaints.
Cash funding is only one side of the story. To walk out of the crisis, fiscal12 austerity is essential, while measures to boost growth are also needed. On this front, China and the EU enjoy a wider scope for cooperation.
Two cases made the point recently. A Chinese sovereign-wealth fund just acquired stakes in Thames Water, the largest British water supply and treatment company. Portugal said it would sell stakes in its national electricity grid13 to a Chinese state-owned firm. It is China's first batch14 of national investment in European infrastructures15, and certainly will not be the last.
News also flows from the private sector16. A Chinese construction equipment giant Sany Heavy Industry said this week it was to take over Putzmeister, a leading German machine manufacturer.
Merkel told Wen that Germany welcomes China's investment. Along with other EU members, Germany will not politicize economic issues and will stand against protectionism.
The Chancellor's tone, however, is still insufficient17 to calm a growing displeasure in China that Europe is also prone18 to protectionism, as the EU has displayed a strong tendency to target China's export policies on either solar panels or rare earth.
While it complains about China's restrictive rare earth policy which is primarily aimed at saving global exhaustible resources and protecting environment, the EU obstinately19 restricts its exports of hi-tech products and bans arms sales to China, which somewhat reminds people of a Cold War nostalgia20.
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1 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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2 chilly | |
adj.凉快的,寒冷的 | |
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3 frigidity | |
n.寒冷;冷淡;索然无味;(尤指妇女的)性感缺失 | |
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4 unity | |
n.团结,联合,统一;和睦,协调 | |
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5 reassurance | |
n.使放心,使消除疑虑 | |
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6 touchy | |
adj.易怒的;棘手的 | |
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7 mire | |
n.泥沼,泥泞;v.使...陷于泥泞,使...陷入困境 | |
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8 premier | |
adj.首要的;n.总理,首相 | |
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9 complexities | |
复杂性(complexity的名词复数); 复杂的事物 | |
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10 investigations | |
(正式的)调查( investigation的名词复数 ); 侦查; 科学研究; 学术研究 | |
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11 prudent | |
adj.谨慎的,有远见的,精打细算的 | |
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12 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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13 grid | |
n.高压输电线路网;地图坐标方格;格栅 | |
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14 batch | |
n.一批(组,群);一批生产量 | |
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15 infrastructures | |
n.基础设施( infrastructure的名词复数 );基础结构;行政机构;秘密机构 | |
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16 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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17 insufficient | |
adj.(for,of)不足的,不够的 | |
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18 prone | |
adj.(to)易于…的,很可能…的;俯卧的 | |
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19 obstinately | |
ad.固执地,顽固地 | |
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20 nostalgia | |
n.怀乡病,留恋过去,怀旧 | |
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21 sincerity | |
n.真诚,诚意;真实 | |
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22 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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