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Premier calls for action on Europe’s debt

BEIJING — Expressing alarm at Europe’s debt problems, Chinese Premier Wen Jiabao called on Greece, Spain and Italy to embrace budget cuts and get their finances in order after meeting Thursday with visiting German Chancellor Angela Merkel.

Mr. Wen said Beijing is willing to keep buying European bonds but gave no sign that Beijing will bail out the eurozone.

Mrs. Merkel was in Beijing for talks aimed at boosting trade and allaying Chinese fears about Europe’s heavy government debts. China has a stake in a resolution because Europe is its biggest export market and Beijing holds billions of dollars in European bonds.

• From wire dispatches and staff reports