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China Not a 'Savior' for Europe: Xinhua News Agency

From cnbc.com

Europe should not expect China to ride to the rescue as its "savior" from the debt crisis, though Beijing will do what it can to help a friend in need, state-run news agency Xinhua said in a commentary on Sunday. Though China has expressed confidence that Europe can survive its crisis, it has made no public offer to buy more European government debt. Xinhua, in an English-language commentary, said China could not stand by while its largest trading partner foundered. "Beijing's good-will gesture is a good response to those who see China as a threatening rival to Europe. Despite differences in politics, economy and ... (full story)

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