Published by Jamie JemmesonChinese premier Wen Jiabao has confirmed to Angela Merkel that the euro is still an integral contributor to China's forex strategy.Xinhua reports that Mr Wen made the statement in a joint press conference held in Beijing this morning (July 16th), when he began by explaining that China has abundant foreign exchange reserves."As a responsible long-term investor, we stick to the principle of diversified portfolio, and the European market has been and will stay as one of our key investment markets," he added.He added that China had benefited from strong trade relations with Europe since the onset of the regional debt crisis, and pledged continued support for its ally as it attempts to shore up its finances.The euro has enjoyed a partial recovery in recent weeks as growth concerns have hit both the US and China, and in this morning's global forex trading, the single currency was at a two-and-a-half month high against the dollar.For more information on international payments, visit our Smart FX site