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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

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 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 Europe (yr`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000).  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 Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock.  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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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