China can help Europe with debt crisis[China Daily]
China is becoming increasingly involved with global governance. As the sovereign debt crisis in Europe continues, Premier Wen Jiabao said last month that China will be a friend to Europe. The question is: how will China help alleviate the sovereign debt crisis?
Zhang Xiaoqiang, vice minister of the National Development and Reform Commission said: "For those countries experiencing a sovereign debt crisis, we are willing to lend a helping hand to buy some of their bonds."
Buying European bonds is possible since China, the world's second largest economy, has more than $3 trillion in foreign currency reserves.
But the West oscillates between two extreme positions regarding China.
Lire : europe.chinadaily.com
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