28 Oct '11, 3am

China ready to pump money into the euro zone's bail-out fund if European leaders can convince it the investment is safe

China ready to pump money into the euro zone's bail-out fund if European leaders can convince it the investment is safe

China is ready to pump money into the euro zone's bail-out fund if European leaders can convince it the investment is safe. -- PHOTO: REUTERS LONDON (AFP) - China is ready to pump money into the euro zone's bail-out fund if European leaders can convince it the investment is safe, senior government advisers told the Financial Times on Friday. And another source told the paper the cash-injection could possibly top US$100 billion (S$124 billion). China needs assurances that other countries would contribute to the fund, which will be used to buy debt issued by countries in financial difficulties, the business daily reported. It also needs to be sure that European leaders will refrain from criticising China's foreign exchange policy, the FT added. Mr Li Daokui, an academic member of China's central bank monetary policy committee, told the paper it was in China's 'long-term and ...

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-2...

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