China extends help to tackle euro crisis

Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email [email protected] to buy additional rights or use this link to reference the article - www.ft.com...


China extends help to tackle euro crisis
By Jamil Anderlini in Beijing and Peter Spiegel in Brussels

Published: December 21 2010 13:00 | Last updated: December 21 2010 18:44

China has promised to take further “concerted action” to support European financial stabilisation, including continuing to buy the bonds of countries at the centre of the sovereign debt crisis, according to senior European officials.

The officials, who declined to be named, said Wang Qishan, a Chinese vice-premier, had given assurances that China would step up support for European stabilisation efforts “if necessary”. Mr Wang made the pledge during the third annual China-EU High Level Economic and Trade Dialogue, held in Beijing on Tuesday.

Source - FT.com

.....and we were all worried that the next attempt to take over the world would be from WWIII. Apparently its being done with economics instead. In addition to buying up a massive amount of US debt, they are now buying up masive amounts of the EU debt.

China has recently sided with Russia to drop the US dollar when doing transactions between their 2 countries. They started buying up some minor debt from Europe to beef up the Euro since they are moving their holdings into that area.

Seems their timing to buy up and move to the Euro is either very coincidental, or planned for some time now. They are in a prime position to exert influence over European economies, as they do with the US economy by purchasing debt.

As a sarcastic closer, anyone else think we need to stop looking for the NWO, being we seemed to have found it in China.

this all boils down to the fact that China has invested trillions in infrastructure to cater to Western Business. They don't just let factories come into town. They build towns around factories. They have entire towns sitting empty, while the West fends of financial crisis.

If we sink, they sink. And they know it. They have made their entire economy hinge on Western success.