Eurozone countries and the IMF agreed early this month to jointly provide 110 billion euros (US$137 billion) in three years to aid debt-laden Greece. Only one week later, a larger rescue package worth 750 billion euros (US$937 billion) was hammered out in order to prevent the Greek debt crisis from spreading in the eurozone.

Chen said China will do its part in the largest-ever rescue efforts.

"China is a member of the IMF and therefore it will assume its due responsibilities when it comes to the rescue package," he said.

Chen said the eurozone debt crisis again highlighted fragility of the global economic recovery and against this background, it remains too early for China to phase out fiscal stimulus measures.

"There are still a lot of uncertainties in the world economy. Therefore we believe it is too early for us to talk about an exit strategy from our stimulus package," he said. "The Chinese government will continue to implement a proactive fiscal policy and a moderately easy monetary policy."

Chen also called on world governments to remain alert to trade protectionism for the sake of a global recovery.

"There is still uncertainties and tough way ahead. As the world is going through an economic recovery, countries across the world need to make concerted efforts to stand against protectionism and support liberalization of trade and investment," he said.

As for China, Chen said Beijing will continue the policy of stabilizing its own exports and promoting imports, which he hoped would help eurozone countries emerge from the debt crisis.

(Xinhua News Agency May 22, 2010)