Beijing says Turkey can overcome ‘temporary economic difficulties’

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.