China reiterates its support for Europe after the change of government in Greece and Italy

China reiterates its support for Europe after the change of government in Greece and Italy

China reiterated its support for the efforts of the Eurozone and the International Monetary Fund (IMF) to overcome the sovereign debt crisis after the respective changes of government in Greece and Italy. “We have seen changes of government”, “but these are internal affairs of those countries,” said Liu Weimin, the spokesman of Chinese Ministry of […]

Debt Crisis: China to Rescue Italy?

Debt Crisis: China to Rescue Italy?

The center-right Italian government is turning to China, in the hope that Beijing will help the country overcome its debt crisis. Rome hopes China’s sovereign wealth funds to buy significant Italian bonds and investment in local companies. According to Italian officials quoted by the British newspaper the Financial Times, Lou Jiwei (楼继伟), chairman of the […]