to countenance an initiative

Sidjanga

Senior Member
German;southern tendencies
Hi all,

What do you understand "countenance" to mean in the following sentence?
I have found various definitions for the word.

Leaders will descend on Pittsburgh today to kick off two days of talks on economic stability, financial regulation, climate change and bankers' bonuses. [...]
On the eve of the summit, China indicated it was willing to countenance an initiative by President Barack Obama to smooth the flow of capital around the world in the hope of securing greater long-term economic stability
.

Just "to tolerate" or "to find acceptable"?
"to approve of"?
Or "to give support to"/"to encourage"? (which would be a lot more that to just tolerate it)

Thanks.
 
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