Hong Kong's economy would be hugely affected if the mainland devalued its currency, triggering a domino effect on China, premier Zhu Rongji warned yesterday . Speaking at the end of a two-day summit between Asian and European Union leaders, Mr Zhu said he had been repeatedly petitioned by other delegates to support the yuan at its pre-set level. But he said his main concern if the Chinese currency were devalued was that it could trigger an economic meltdown that would start in the SAR. 'The most important consideration is Hong Kong. Hong Kong is China's and if we devalue the yuan it will have a huge impact on Hong Kong and would trigger a domino effect on China,' Mr Zhu warned. Speaking at a reception given by the Chinese Embassy for members of the Chinese community in Britain, Mr Zhu said he had reassured the other Asian and European leaders that he would not devalue the currency. He hinted that the decision to keep the yuan stable was a long-term one by quoting Singaporean Prime Minister Goh Chok Tong, who predicted that China would not devalue for at least 12 months. 'I have reiterated this point many times, the decision not to devalue is not a temporary one; [the prediction] thinks too low of us,' he said. 'If we don't have the strength, then we won't make the pledge. If we make the pledge, then we will stand by it. 'This is a sacrifice we have to make.' Earlier, following a meeting with Mr Zhu, Thai Foreign Minister Surin Pitsuwan said China's support was vital. 'We know it is a burden on China but it is an act of leadership in a time of crisis. The Chinese have done their part to hold on to the value of their currency. That is helping us and helping everybody in the region,' the Foreign Minister said. Mr Zhu said other countries in the region were looking to China for help. Indonesian Vice-President Bacharuddin Habibie explained his country was short of food and Mr Zhu said he had pledged support from China. But the Chinese premier joked about how interested other countries had suddenly become in the mainland. The French President, Jacques Chirac, had repeatedly asked for a private meeting with him even though the Chinese delegation was due to go on to Paris immediately after the summit. 'Everyone wanted their 10-minutes with me, Mr Chirac kept coming to see me and even brought his own interpreter with him,' Mr Zhu said. Mr Zhu, together with Foreign Minister Tang Jiaxuan left yesterday for France following the two-day Asia-Europe Meeting in London.