| China is ready to help resolve Europe's debt crisis, its premier said on Tuesday, but he gave no details a day after the nation's sovereign wealth fund ducked calls by German Chancellor Angela Merkel for it to buy euro government bonds.
On Monday, the head of China's $410 billion sovereign wealth fund said Germany's Merkel had asked it and other long-term investors to buy European government debt when she visited Beijing earlier this month, but such investments were "difficult" for long-term investors. Lou Jiwei, chairman of China Investment Corp, said any fresh injection of funds into Europe would be in industrial and other real assets, not government bonds...............................................Full Article: Source |