China’s deputy central bank governor said that China would be willing to participate in any mechanism aimed at stabilizing the euro zone, Reuters reported. "China is a stable and continued long-term investor in European financial markets and I’m sure if there’s need of the European emergency fund or the stabilization mechanism, we would like to actively participate in these mechanisms – of course with your permission," said Yi Gang, speaking at a briefing in London. Yi said the assistance should be seen as a vote of confidence in the euro, and would also support China’s desire to diversify its foreign exchange reserves. China recently said it would buy Spanish and Portuguese bonds, a move that has helped to restore some confidence in the euro zone countries’ debt markets and the euro.
Categories