China offers vote of confidence in euro

China delivered a strong vote of confidence in the euro on the 16 July 2010 when Wen Jiabao, the premier, said that Europe would always be one of the main investment markets for China’s foreign exchange reserves.

The comments come after China recently bought several hundred million euros worth of Spanish bonds, signalling a return by Asian investors to the eurozone’s peripheral markets after an absence of two months.

ESO: Background information: China’s €1bn vote of confidence in Spanish bonds http://www.europeansources.info/record/chinas-e1bn-vote-of-confidence-in-spanish-bonds/

BBC News, 16.6.10: China's Wen Jiabao says euro investment continues http://www.bbc.co.uk/news/business-10661748

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