An editorial in the People's Daily, the official newspaper of the Chinese Communist Party, enters the debate on the European debt by arguing that Beijing should not enter the European debt bailout alone and unprotected.
Although the article does not represent an official position taken by the Chinese government, the comment reflects the executive's fears about intervention in the eurozone. “It is vital for China – explained Li-iangyang, a foreign policy researcher at the Chinese Academy of Social Sciences, a state-funded think tank in Beijing – to help Europe emerge from its state of crisis. This would guarantee the stability of the international financial markets and would offer a way out of the main market for Chinese exports”.
However, continues the expert, "we must realize that there are systemic risks in investing in European bonds". The analyst argues that China must assume the role of responsible player, but must also consider security as a fundamental pre-requisite for investments.
http://www.chinapost.com.tw/business/asia-china/2011/09/18/316991/Peoples-Daily.htm
