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Holland | China will overcome the crisis


Holland | China will overcome the crisis
The French President Francois Hollande said today he’s confident about China’s ability to overcome the financial crisis plunging the financial markets, which are concerned about the health of its economy, and has urged Beijing to “take all responsibility in global governance” .
“I trust the Chinese authorities for their ability to outperform the stock market crisis. They have the means to act and the pace of Chinese growth, although still slowing, remains an enviable level,” said Mr. Hollande during the annual speech on foreign policy to French ambassadors arrived from all parts of the world in Paris on this occasion.
“We want China to assume its full responsibilities in global governance,” he added. Hollande, recalling that his country will chair the G20 in 2016.
A the same time today in Madrid, Prime Minister of Spain Mariano Rajoy said the volatility in the markets caused by China will not affect the forecasts for unemployment and growth in his country.
“What is happening in China is not going to have a particularly severe impact on the Spanish economy,” said Mr. Rajoy told reporters in parliament.
“Long term it, will not affect the forecasts for the Spanish economy,” he added.
Fears about the health of the Chinese economy and its impact on global growth recession caused yesterday, black day for the economy, the collapse of global financial markets, with losses reminding the worst days of the 2008 crisis.