2:00 pm on August 31, Spanish Prime Minister Jose Luis Rodriguez Jose Luis Rodriguez Zapatero of Spain with a smile into the ambassador’s residence garden, and waiting there, shook hands with reporters. Zapatero visiting from the East to find help to shake off the financial crisis, the Spanish forces.

Garden in the afternoon sun swept to the last vestiges of the storm last night, but Spain’s economy is still difficult in a crisis ahead.

August 13, the Spanish Bureau of Statistics data showed the Spanish economy in the second quarter of sequential growth 0.2% growth rate lower than the overall level of the EU and the euro zone, while the second quarter, the unemployment rate climbed to 20.09%, the highest in 13 years since the high of the EU average, nearly twice the unemployment rate of 9.6%.

Crisis in Spain’s earnest hopes for China. Zapatero stressed: “Spain and Asia, especially China ties, the growth of our pillars of role.” In an hour of media appearances, whenever Speaking of economic cooperation between the two countries, Zapatero’s face will always emerge a confident smile.

Zapatero told reporters, on the day at four o’clock, and Chinese Premier Wen Jiabao’s meeting, they will be full of Chinese and Western economic issues, to explore areas of cooperation to promote bilateral investment and openness.

Economic and financial cooperation

Into the 21st century, the rapid momentum of bilateral economic and trade cooperation. From 2004 to 2008, bilateral trade volume has increased nearly three times, breaking the 20 billion U.S. dollars mark. In early 2009, China and Spain is set for implementation in 2011, bilateral trade reached 40 billion U.S. dollars of the target.

However, the crisis interrupted the development process. Eurostat data show that in 2009, Western fell to 19.42 billion U.S. dollars of bilateral trade volume, down 31.6%, of which Spain’s exports to China 2.75 billion, down 13.0%, imports 16.68 billion U.S. dollars from China, down 34.0%.

Zapatero, 31, said he hoped to return to Western trade, 30% -40% growth era, and especially wants to expand exports to China, to reverse the situation of Chinese and Western trade imbalance. He told reporters stressed that while in danger, but Spain is still the world’s top 89 industrial powers, highly competitive.

In the development of trade, while Zapatero hopes to attract more investment from China. In his view, Spain is full of economic potential.

Read the information from the embassy, the Spanish infrastructure complete, as of the end of 2009, Spain has 2,230 km high-speed railway, the world; Spanish population is relatively young, 67.8% of Spaniards aged 16 to 64 years old, is a suitable source of labor.

The current focus of Sino-Spanish cooperation in the field of telecommunications, renewable energy, food and tourism, Spain, in particular welcomes Chinese investment in its financial, renewable energy, automobile manufacturing and other industries.

Encouraged China to buy Spanish bonds, deep financial difficulties of the Government of Spain is full of attraction. In July this year, China’s State Administration of Foreign Exchange to buy about 400 million euros in Spain, 10-year bonds.

“China’s holdings of behavior instills confidence in the market. Spanish hope that the Chinese holdings of its bonds.”

Zapatero admits that the post-crisis fiscal stimulus measures to create a huge pressure, and now the financial crunch to force Spain to face a number of social discontent. But he explained that a large number of financial expenditure is for unemployed people in the relief and re-employment training, Spain Tongshi also launched the labor market reforms, Li Tu Shi Zhi Du employment more flexible. That are conducive to the recovery of the labor market.

Spain and Greece and other countries sovereign debt crises, the international market, the euro is full of anxiety. Since the beginning of this year, the euro against the dollar all the way down. August 30, European Central Bank President Jean-Claude Trichet announced that Eurozone banks are plans to extend emergency assistance to early 2011, the euro against the U.S. dollar fell to 1.2660 is low.

The EU is the world’s trade group, GDP accounts for 25% of the total global GDP, so the euro is a strong currency, “we issue the euro, is to never let it flow down.”

Start in the euro zone rescue plan to save the single currency, the EU has started to harmonize its diplomatic position. July 26, the European Union, “Foreign Affairs” – the formal establishment of the Department of Foreign Operations.

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