China's Wen: May consider bigger role in EU rescue

[dipsydoodle]

(Reuters) - China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.

But Wen did not make any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM).

At a joint media briefing in Beijing with visiting German Chancellor Angela Merkel, Wen said China is still studying how it might lend further support.

"China is also considering increasing its participation in the solution of the European debt crisis through the channels of the EFSF and ESM," Wen said.

http://www.reuters.com/article/2012/02/02/us-china-europe-wen-idUSTRE8110TU20120202

[Javaman]

1. This was just a matter of time. nt

[Roland99]

2. Not if their own economy continues to slow down

[Javaman]

3. That's what I'm waiting for...

they give bailout money to Europe then China's housing industry implodes.

THAT won't be pretty.

[David__77]

4. China has a tremendous amount of reserves.

They'll be just fine.