Wen: China willing to help Europe, could buy debt

BERLIN, June 28 | Tue Jun 28, 2011 7:43am EDT

BERLIN, June 28 (Reuters) - Chinese Premier Wen Jiabao said in Germany on Tuesday that his country was willing to extend Europe a "helping hand from afar" in its debt crisis and could buy the sovereign debt of some euro zone nations if needed. "China has expressed support for Europe at various times. In other words, when Europe is in difficulty we will extend a helping hand from afar," the Chinese premier told a joint news conference with German Chancellor Angela Merkel in Berlin.

"We will according to need definitely purchase certain amounts of sovereign debt," Wen said.

(Reporting by James Pomfret, Stephen Brown and Andreas Rinke)

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Comments (2)
quatra wrote:
Of course. They want to expand their markets. Customers without money don’t buy.
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Jun 28, 2011 8:24am EDT  --  Report as abuse
jameschan6 wrote:
The key words in the premier’s statement are “…according to need (China’s needs, that is) …”

Jun 28, 2011 8:51am EDT  --  Report as abuse
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