Italy turns to China for help in debt crisis

Article reports that Italy’s centre-right government has turned in September 2011 to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making 'significant' purchases of Italian bonds and investments in strategic companies.

ESO: Background information: 'Brics' to debate possible eurozone aid http://www.europeansources.info/record/brics-to-debate-possible-eurozone-aid/

ESO: Background information: Italy makes last-minute budget U-turn http://www.europeansources.info/record/italy-makes-last-minute-budget-u-turn/

Website: China Investment Corporation http://www.china-inv.cn/cicen/

ESO: Background information: EU recovery from debt crisis 'vital' to Chinese interests http://www.europeansources.info/record/eu-recovery-from-debt-crisis-vital-to-chinese-interests/

ESO: Background information: Beijing pursues European charm offensive http://www.europeansources.info/record/beijing-pursues-european-charm-offensive/

BBC News, 13.9.11: Italian government 'in bond buying talks with China' http://www.bbc.co.uk/news/business-14892553

La Repubblica, 14.9.11: Beijing is no white knight (via PressEurop) http://www.presseurop.eu/en/content/article/948711-beijing-no-white-knight

Deutsche Welle, 14.9.11: Chinese premier promises more investment in Europe http://www.dw-world.de/dw/article/0,,15387931,00.html

La Stampa, 13.10.11: No desire to die Chinese (via PressEurop) http://www.presseurop.eu//en/content/article/1053921-no-desire-die-chinese

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