Speculation that China may help rescue peripheral European debt markets from oblivion is consistent with Beijing’s strategic interests in the region and a prudent back-stopping of its euro-denominated investments.
Reports on Monday from The Wall Street Journal and Financial Times said Italy’s finance minister met last week with a delegation of Chinese officials — including the head of China’s sovereign wealth fund — in an attempt to persuade Beijing to buy a large amount of Italian sovereign debt.
Reports on Monday from The Wall Street Journal and Financial Times said Italy’s finance minister met last week with a delegation of Chinese officials — including the head of China’s sovereign wealth fund — in an attempt to persuade Beijing to buy a large amount of Italian sovereign debt.
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