| China said the euro zone finance ministers’ decision to lend Spain up to €100 billion ($125 billion) to shore up its teetering banks was a welcome short-term fix, but urged the bloc to take more decisive action to safeguard longer term stability.
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
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