China has offered to buy Greek bonds to show support for international relations. It’s nice to see China helping out after obtaining the position of the second largest economy. The China Post reports:
China offered on Saturday to buy Greek government bonds when Athens resumes issuing, in a show of support for the country whose debt burden pushed the eurozone into crisis and required an international bailout.
Premier Wen Jiabao made the offer at the start of a two-day visit to Greece, his first stop on a tour of Europe, and also said he wanted to boost shipping and trade ties with Athens, underscoring Beijing’s use of economic strength to win friends.
“With its foreign exchange reserve, China has already bought and is holding Greek bonds and will keep a positive stance in participating and buying bonds that Greece will issue,” Wen said, speaking through an interpreter.
“China will undertake a great effort to support eurozone countries and Greece to overcome the crisis.”
Wen and his Greek counterpart George Papandreou said in a statement the world’s nations need to coordinate their economic policies for global recovery to find a sure footing.
[continues at The China Post]