This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/newsline/436191-china-turkey-economic-difficulties/

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Beijing says Turkey can overcome ‘temporary economic difficulties’ Beijing says Turkey can overcome ‘temporary economic difficulties’
(35 minutes later)
China believes Turkey has the ability to overcome temporary economic difficulties, the Foreign Ministry in Beijing said on Friday. It said that it hoped the relevant parties would resolve their disputes through dialogue. China supports Chinese and Turkish companies to sign cooperation projects based on market rules, the spokesman, Lu Kang, said. Turkey and its firms face repayments of nearly $3.8 billion on foreign currency bonds in October as the country struggles with a plunging lira that has lost more than a third of its value since the start of the year, Reuters reported, citing a note from Societe General. Ankara has rejected speculation that it may have to seek support from the International Monetary Fund (IMF). Qatar has reportedly pledged about $15 billion but details have been scant. China believes Turkey has the ability to overcome its temporary economic difficulties, the Foreign Ministry in Beijing said on Friday. It said that it hoped the relevant parties would resolve their disputes through dialogue. China is supporting Chinese and Turkish companies to sign cooperation projects based on market rules, the spokesman, Lu Kang, said. Turkey and its firms face repayments of nearly $3.8 billion on foreign currency bonds in October as the country struggles with a plunging lira that has lost more than a third of its value since the start of the year, Reuters reported, citing a note from Societe General. Ankara has rejected speculation that it may have to seek support from the International Monetary Fund (IMF). Qatar has reportedly pledged about $15 billion but details have been scant.