China not prepared to pay European debt
05/12/2011 02:25
China has indicated it will not go any further with a Europe bail-out plan.
In a strong statement, China's vice foreign minister Fu Ying, said China would not bail the euro zone out of the debt crisis.
He said Europe should not expect China to use its large foreign exchange reserves in saving the European economy but said China would continue to support for the euro bloc in other ways.
Fu said the reserves, worth about 4 trillion euros, should be seen as China's savings.
Arab Herald
Sunday 4th December, 2011
In a strong statement, China's vice foreign minister Fu Ying, said China would not bail the euro zone out of the debt crisis.
He said Europe should not expect China to use its large foreign exchange reserves in saving the European economy but said China would continue to support for the euro bloc in other ways.
Fu said the reserves, worth about 4 trillion euros, should be seen as China's savings.
