8Feb/120
China may ‘move soon’ to help Europe
An economist with the Chinese Academy of Social Sciences, Yuan Gangming, says China may "move shortly" to help Europe solve its debt crisis. He told Bloomberg that Beijing might invest as much as 100 billion euros in the euro zone bailout fund and a facility set up by the International Monetary Fund. He said China's contribution would be "meaningful" to stabilise conditions, while allowing Beijing to reap investment returns, improve its image and have a greater say in European and global financial talks. Mr Yuan said his estimates didn't necessarily represent what the government is planning to do.