Chinese premier Wen Jiabao realised that his economy needs struggling Europe to keep buying its goods. Enter The Dragon 'To Save The Euro’ -- The Telegraph
It is in the interest of cash-rich China to help resolve the eurozone debt crisis, but Chinese premier Wen Jiabao, who is visiting Britain and Continental Europe, will want a share of the West’s buying power in return.
As Wen Jiabao, the Chinese premier, stepped off his plane in Birmingham on Saturday, it was difficult to avoid the feeling that the UK, and Europe, have never looked weaker in Chinese eyes.
In private, senior Chinese diplomats are now openly scornful of Britain’s economic prospects and have even asked why Mr Wen should grace such a weak trading partner with three days of his time.
Read more ....
More News On China's Commitment To Help The Euro
China: We'll spend billions to prop up the stricken euro -- The Daily Mail
China sovereign fund official confident in euro -- Reuters
Chinese premier provides boost to embattled euro zone -- Euronews
China makes an uneasy saviour for Europe -- Reuters
Wen Says China Is Long-Term Investor in European Bond Markets -- SFGate/Bloomberg
Wen Says China Will Keep Investing in European Bonds in Vote of Confidence -- Bloomberg
Chinese Premier Voices Support for European Economies -- Voice of America
Chinese Prime Minister’s Visit to Europe Shows Concern Over Euro -- New York Times
My Comment: From my viewpoint .... this is China's stepping up and making a commitment to European fiscal and economic stability .... and they are putting their money where their mouth is.
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