Show of confidence in Europe

China will play responsible role in helping continent, bank official says

China is confident that Europe will overcome its problems and will continue to invest part of its foreign exchange reserves in European bonds, a senior central bank official said on Monday.

"We believe that Europe will ultimately overcome the debt crisis through their own efforts as well as with help from the international community," said Yi Gang, vice-governor of the People's Bank of China (PBOC), and head of the State Administration of Foreign Exchange.