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-China ready to buy EU bonds.

Global Banking News-August 31, 2012--China ready to buy EU bonds(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 31 August 2012

According to Reuters, China Premier, Wen Jiaobao said that China was ready to buy more European Union (EU) bonds if the situation demanded it.

This is a strong sign of support from China, which had not acquiesced to a request for funding from Europe the previous year. The debt crisis in Europe, which is the largest market for exports from China, triggered an economic slowdown, which was the worst in China for three years.

The Chinese premier stated that the two main worries for the EU were, firstly, if Greece would continue to be part of it, and secondly, if Spain and Italy would take any comprehensive measures to resolve the crisis.

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Publication:Global Banking News (GBN)
Geographic Code:9CHIN
Date:Aug 31, 2012
Words:157
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