China expects a concrete solution to the debt crisis at the European leaders' summit on December 9, reports said Thursday quoting Vice Finance Minister Zhu Guangyao.
Zhu also cautioned against challenges currently faced by the global economy due to the recent economic developments in Europe and the U.S.
Stimulating economic growth is the top priority for the world now, Zhu noted. He said that the latest Eurogroup meeting is a "positive step" toward resolving the crisis.
On Wednesday, the U.S. Federal Reserve joined other major central banks in a coordinated effort to boost liquidity to the global financial system. The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank will also participate in a new program to ensure banks have access to dollars.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.