The head of the Central Bank of China confident in the euro area

The head of the Central Bank of China Zhou Hiachuan expressed confidence in the future euro zone and reiterated Beijing's support for European countries which are experiencing serious debt problems, reports AFP. "China is very confident in the euro area" - said Hiachuan during a press conference held Friday at the annual parliamentary session in Beijing. "Despite some problems in some European countries, China will actively assist those who are experiencing budget problems, so they can rebuild their economy." The head of the People's Bank of China also said that Beijing was "absolutely confident" in the European economy. China has the world's largest foreign exchange reserve, which in late 2010 exceeded $ 2.847 trillion. Almost half of the reserve ($ 1,16 trillion) is composed of U.S. government debt (US Treasuries). However, gradually growing in it and the share of bonds in euros.