BEIJING - Chinese and European officials sought to play down expectations about when and how China may deploy its vast financial resources to help bail out indebted countries in Europe. A Chinese Vice Finance Minister said China must first see the details of a new European bailout fund before making any commitments. "We of course must wait until its structure is extremely clear," Zhu Guangyao told a press briefing. "And moreover, this investment must be decided on after serious, technical discussions." Klaus Regling, the chief executive of the European Financial Stability Facility, flew into Beijing on Friday on the first stop of his trip. Klaus Regling is the
German Governor of the new Europe" de facto !
2 comments:
That's why it is called the paradox of thrift! What's good for you i.e. getting your personal debt down is not good for everyone, because if you pay down debt you consume less of other people's products and their incomes suffer. Somewhat analagously keeping German living standards and personal indebtedness in check has made it difficult for other countries to grow and export, so what is good for Germany, in isolation, is not good for Europe as a whole and Germany is now footing the bill for the countries it sold to and which now cannot repay what they borrowed. Greek indebtedness and German export efficiency are two sides of the same coin.
China have just acquired SAAB, allegedly. They already own Volvo. Two great brands. The Chinese also build high speed trains.China is a dictatorship that tramples human rights underfoot. They are racist. They are 35-40 million girls short having practiced gendercide. We must not be
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