Jean-Claude Juncker, chairman of the eurozone’s political arm Eurogroup, said that euro countries would not offer political concessions in exchange for Chinese investment into the region, Reuters reported. “The fact that China and others might be involved in a comprehensive solution does not make me worry in the slightest, because China has an improbably large surplus so it makes sense for China to invest this in Europe,” he told a German broadcaster. “This will not take place in the form of a tight political negotiation assuming that if China invests, we have to give China something back.” Juncker added that the sovereign debt crisis was manageable for European countries without external investment or support. Last month Chinese Premier Wen Jiabao hinted that Chinese investment in troubled eurzone countries might be conditional on European countries granting China “market economy” status, a change which would help Chinese firms ward off trade disputes.
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