Rescue plan, so that the euro zone economic recovery, we also support the EU countries adopt policies that stabilize the financial and economic markets. Nevertheless, Greece still has a few aspects of the debt crisis worthy of our attention, we will have some impact on. Mainly:



    First, by the euro zone sovereign debt crisis, financial markets and the stock market more volatile, market confidence will cause relatively large effects, in turn will delay the process of global economic recovery. It was predicted that the global economy may fall into the high debt, low growth phase, the market demand will continue to slump. In such a context, global economic growth may slow down the process out of the crisis will be extended accordingly.



    Second, although China and Greece's trade accounts for only a small proportion of China-EU trade, but the overall economic situation in Europe would also be a drag on the sovereign debt crisis. Some estimate the impact of sovereign debt, the growth in the euro zone this year, only 1% -1.5% level. Because the EU is China's largest export market, accounting for 16% of China's trade volume, which will affect the whole of China's exports.



    Third, the European sovereign debt crisis also had an impact on the stability of the euro. This year, as of May 14, the RMB has appreciated against the euro was 14.5%. As our main export markets, one of the most important trade partners, the appreciation in 5 months, 14.5%, Chinese exporters will result in enormous cost pressure, will also influence trade policy adjustment.



    We will further attention to sovereign debt crises, in due course improve the foreign trade policy.