China says it’s ready to help, but gives no details

China is ready to help resolve Europe’s debt crisis, its premier said yesterday, but he gave no details a day after the nation’s sovereign wealth fund ducked calls by German Chancellor Angela Merkel for it to buy euro government bonds.

At a Beijing summit delayed since late last year while European leaders have grappled for solutions to the two-year-old crisis, Chinese premier Wen Jiabao reiterated supportive sentiments.

“China is ready to increase its participation in resolving the European debt problems. We are willing to conduct close communication and cooperation with the EU side,” Wen said.