Wen sets preconditions to help Europe

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Series Details 15.9.11
Publication Date 15/09/2011
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Wen Jiabao, Chinese premier, called on debt-laden European countries on the 14 September 2011 to put their 'own houses in order' before asking China for a bail-out, in a sign of Beijing’s reluctance to be cast as a saviour for the global economy.

Speaking at the opening of the World Economic Forum in Dalian, China, Mr Wen also publicly linked Chinese investments for the first time with long-standing political demands, indicating a possible hardening of China’s position towards crisis-hit Europe.

He said Europe needed to take 'bold steps' in order to receive Chinese help and the first of those steps was a decision to formally grant China full 'market economy' status.

Related Links
ESO: Background information: Italy turns to China for help in debt crisis http://www.europeansources.info/record/italy-turns-to-china-for-help-in-debt-crisis/
Deutsche Welle, 14.9.11: Chinese premier promises more investment in Europe http://www.dw-world.de/dw/article/0,,15387931,00.html
ESO: Background information: 'Brics' to debate possible eurozone aid http://www.europeansources.info/record/brics-to-debate-possible-eurozone-aid/

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