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Thursday, October 27, 2011

China to bail out Europe??

The Financial Times reports:

"China is very likely to contribute to the eurozone’s bail-out fund but the scope of its involvement will depend on European leaders satisfying some key conditions, two senior advisers to the Chinese government have told the Financial Times.

Any Chinese support would depend on contributions from other countries and Beijing must be given strong guarantees on the safety of its investment, according to Li Daokui, an academic member of China’s central bank monetary policy committee, and Yu Yongding, a former member of that committee."

Kinda reminds me of the controversial "Chinese Professor" political ad that went viral last year:

Wes Messamore,
Editor in Chief, THL
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