China reiterates confidence in EU’s ability to solve crisis

China will continue to invest in eurozone government debt and it remains confident in the euro, the country’s central bank governor said yesterday, while calling on Europeans to produce more attractive investment products for China.

China reiterates confidence in EU’s ability to solve crisis

Zhou Xiaochuan admitted that China and other emerging nations such as Brazil, Russia and India were waiting for the right time to help the bloc, after a European Union state visit was once again met with encouraging words but no concrete public commitments on fresh funding from China.

But he also suggested Europe needed to work harder to entice Beijing to part with its capital.

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