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China Willing to Coordinate, Cooperate with US to Stabilize Int'l Financial Market

A spokesman of the People's Bank of China (PBOC), or the central bank, said on Saturday China was willing to enhance coordination and cooperation with the US and other economies to overcome current difficulties and stabilize the international financial market.

The spokesman made the remarks after the US House of Representatives approved overnight a revised US$700 billion bailout plan and President George W. Bush immediately signed the plan into law on the same day.

The spokesman also said the fundamentals of the Chinese economy remained unchanged and its financial market was safe and stable with generally adequate liquidity.

"We are full of confidence in the development of Chinese economy and the stability of our financial market," he said.

(Xinhua News Agency October 5, 2008)

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