Chinese vice finance minister Zhu Guangyao said that he hoped the weekend's decision by euro zone finance ministers to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks would help contain Europe's debt crisis.
China's $410 billion sovereign wealth fund, China Investment Corp, has cut its stock and bond investments in Europe as it sees rising risks of a euro zone breakup, the fund's chairman told the Wall Street Journal last week...............................................Full Article: Source |