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