by James Pomfret, Stephen Brown
| Jun. 28, 2011
Chinese Premier Wen Jiabao offered Europe a "helping hand" with its debt crisis during a visit to Germany on Tuesday and said his country could buy the sovereign debt of some troubled euro zone nations if needed.
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This story is based more on official postures than concrete reporting, but it's important and newsworthy because of its implications. China's interest in buying into the European sovereign debt crisis has profound implications for the global balance of power, and this article displays the subtle tone of the conversations going into this arrangement.
...an interesting development. Most observers will be looking for a quid pro quo here, but if it helps with the euro-debt crisis and boosts China's interests at the same time, it needn't be a bad thing.
Confuse-us say "not everyone die after eating fortune cookie".