Vienna: China pledged "active support" to debt-stricken Europe and said it was "convinced" the EU could work through its current debt crisis, as President Hu Jintao visited Vienna on Monday ahead of a G20 meeting.

"All countries sit in the same boat. We have to stick together, so that Europe can recover," China's Trade Minister Chen Deming, who was traveling with Hu, was quoted as saying by the Austria Press Agency.

He also hinted at investments from Beijing at an Austrian-Chinese economic forum in Vienna, without specifying whether these would go into the EU's debt rescue fund.

Earlier, Hu told journalists after talks with Austrian President Heinz Fischer that China "is convinced Europe has the wisdom and the competency to overcome the current difficulties."

"We are closely following the economic developments," he said, speaking through an interpreter.

Hu's two-day state visit to Austria marks 40 years of diplomatic relations between the two countries. But the trip, Hu's second to Europe in a year, also comes as the region is struggling with a spiralling debt crisis and amid hopes that Beijing might invest in its bailout fund.

After his Austrian visit, Hu will travel Wednesday to the French resort of Cannes to attend a G20 meeting of world leaders on Thursday and Friday.

Last week, European leaders appealed to China to invest in the region's European Financial Stability Facility (EFSF) to help it overcome the debt crisis.

Klaus Regling, the head of the bailout fund, also travelled to Beijing to strike a deal with the world's second-largest economy, reportedly seeking a pledge of USD 100 billion.

However, Beijing has officially remained non-committal about its involvement, and Vice Finance Minister Zhu Guangyao played down hopes of a breakthrough at the G20 meeting, insisting that investment in the European bailout fund was not on the agenda.

In Monday's talks, Fischer and Hu discussed the upcoming G20 meeting, as well as bilateral economic and cultural ties, Fischer told journalists.

Hinting at Europe's debt crisis, he noted that the Chinese President's visit "comes at a time of great significance for China as well as Europe and Austria, where important decisions are needed and where the partnership between China and Europe is especially important."