As The Euro Crisis Continues, China Is Looking To Buy Up Europe Cheap

Wang: 'The euro zone crisis has not entirely played out and asset prices are very volatile. They haven't found their floor' (Photo: Stefan)

China Looking To Snap Up EU Factories, Railways -- EU Observer

BRUSSELS - China is looking to buy EU factories and railways instead of wobbly government bonds as prices fall amid the eurozone crisis.

Minister of commerce Chen Deming articulated the strategy at a business congress in China on Monday (28 November).

"Next year, we will send a delegation for promoting trade and investment to the European countries ... Some European countries are facing a debt crisis and hope to convert their assets to cash and would like foreign capital to acquire their enterprises. We will be closely watching and pushing forward the process," he said.

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My Comment: If my previous post gives any indication .... I suspect that the Chinese are now positioning themselves to profit big time from the coming Euro collapse. What is my prediction .... when the Euro eventually unravels, those who have the gold will make the rules .... and it is China who has the gold (for now).