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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