China Expresses Worries That Europe's Debt Crisis Is Worsening

Chinese President Hu Jintao (R) shakes hands with German Chancellor Angela Merkel in Beijing, capital of China, Aug. 30, 2012. (Xinhua/Pang Xinglei)

Chinese Premier Urges Greece, Spain And Italy To Sort Out Debt Crisis And Admits He Is 'Worried' -- Daily Mail

* Wen Jiabao expressed his alarm at Europe's debt problems after meeting today with German Chancellor Angela Merkel
* 'Frankly speaking, I am worried,' Chinese Premier Wen Jiabao said
* Merkel is in Beijing for talks aimed at boosting trade and allaying Chinese fears about Europe's heavy government debts
* China's leaders are increasingly worried about European economies where Chinese companies are expanding

China yesterday sounded the alarm over ‘worrying’ developments in the eurozone and called on debt-ridden countries to put their finances in order.

Speaking after meeting German Chancellor Angela Merkel in Beijing, Chinese Prime Minister Wen Jiabao voiced concerns over the future of Greece, Spain and Italy and the effects that the eurozone’s problems are inflicting on the rest of the global economy.

Read more ....

Update #1: China’s Wen, meeting Merkel, says impact of crisis worsening, calls for action on Europe debt -- Washington Post/AP
Update #2: China's Wen says global crisis worsening -- CBS
Update #3: China’s fears grow over eurozone crisis -- The Telegraph

My Comment: China's concerns are justified .... they know that Europe does not have the political will .... or any support from the public .... to solve this growing catastrophe.