China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (2294)	12/29/2003 8:10:54 PM
From: RealMuLan	Read Replies (1) of 6370

China says it may make 'relatively large cut' in debt owed by Iraq BEIJING : China will consider a "relatively large cut" in the debt owed to it by Iraq, Chinese Premier Wen Jiabao told US presidential envoy James Baker. "The Chinese government fully understands the difficulties surrounding the reconstruction of Iraq and the plight of the Iraqi people," Wen told Baker according to the Xinhua news agency website on Monday. Advertisement "Out of humanitarian considerations, we will actively consider a relatively large cut in the debt owed to China by Iraq," he was quoted as saying. Baker arrived in China earlier in the day for talks on reducing Iraq's 120-billion-dollar debt burden. Baker, who was secretary of state in the first Bush administration, also met with President Hu Jintao, according to the Chinese foreign ministry. Hu said China would "continue, with the international community, to help reconstruction and the restoration of peace and stability in Iraq as soon as possible," Xinhua reported. "The talks were fine. Very, very, very good," Baker said as he left the Great Hall of the People where he met with Hu. "Very cordial and very fine." channelnewsasia.com

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