China states price for Italian rescue - China has called for major strategic concessions from Europe

China states price for Italian rescue

China has called for major strategic concessions from Europe before agreeing to rescue the eurozone, chilling hopes for immediate purchases of Italian bonds.


Premier Wen Jiabao said his country and will play its part to "prevent the further spread of the sovereign debt crisis," but warned that China will not sign a blank cheque for states that have failed to carry out full reform.


"Countries must first put their own houses in order," he told the World Economic Forum in Dalian.


Mr Wen said he had spoken to José Manuel Barroso, the president of the European Commission, laying the conditions for Chinese intervention.


"I made clear to him that we are confident Europe will overcome its difficulties and make a full recovery. We have on many occasions expressed our readiness to extend a helping hand, and that we are willing to invest more in European countries."

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They are up to 800 Billion in Eurozone bonds.... Sound familiar anyone?

Here is a thread from some time back I did addressing the Chinese money problems they have chosen to try and hide. Its now looking like they are using the same techniques on Europe that they did on the US - which is to devalue their currency, run up trade surplus, and use the surplus to buy bonds / debt.

Also, China recently quietly approached the IMF and the European Central Bank sniffing around for some loans. I am curious if this is retaliation for that information being leaked out.

ATS Link - Chinese debt worse than Portugals

Tkae notice that the WTO rules are being discussed. When China joined the WTo they were given 5 years to meet certain criteria, one of which was the free floating of their currency. They have refused to allow this per the WTO rules, and as such are labeled as currency manipulators.

This goes along with the devalued currency / trade surplus / buying foreign debt scam they have going on with the Us, and now apparently Europe.

At what point are we going to realize China is not our friend?

Most likely china will push unfair trade deals for the bail out, china needs the rest of the world buying their cheap goods in order to maintain their own economy.

Guess China's CCP gov is telling Berlusconi to sell Italy to them - the only way China will help.

Best the CCP gov checks with the Sovereign Italian People first, if italians are ready to roll over and play dead or be slaves, even if it thinks of buying up Italian companies.

The rich Japanese tried that once in the past - buying up western corporations and properties. Those govs then may had been sold out traitors to their own country, but the sovereign people would have none of that. They cut down on their own productivity and give em hell, till the losing money japanese had to get rid of those assets by fire sales.

It will happen to the CCP gov too if it thinks it can bulldoze its way to world domination. They may be successful with some assets, but never ALL assets, no matter how patient they may claim to be. Their own long suffering citizens are even far more patient, waiting only to pounce for their freedom.

reply to post by SeekerofTruth101


They have also made overatures to essentially buy all of the greek debt, but they opted for a EU bail out. This is going to get more and more interesting to see where this all ends up.

The Chinese are in the drivers seat .
It is hard to imagine where else the funds would come from to bail Europe out.
Most other western countries have their own troubles with money.
The ultimate answer is debt forgiveness.......This is th only way out i believe.

Originally posted by stirling
The Chinese are in the drivers seat .
It is hard to imagine where else the funds would come from to bail Europe out.
Most other western countries have their own troubles with money.
The ultimate answer is debt forgiveness.......This is th only way out i believe.

If its discovered China is manipulating the economy as bad as it seems, debt forgiveness I think would give way to refusal to honor agreements / payments to China or Chinese companies, who engaged in illegal pratices.

also, as a side note China just issued warnings to Indian and Vietnam to stay out of "their" South China Sea.

ATS Thread

disregard- figured it out. message sent.

Thank you for shaing.