China ready to step up aid to euro zone, Reuters reports

theflyonthewall.com

China is prepared to buy more E.U. bonds if certain conditions are met, and Beijing plans to "strengthen" contacts with the E.U., the ECB, and the IMF to seek ways of boosting struggling euro zone countries, Chinese Prime Minister Wen Jiabao said after holding talks with German Chancellor Angela Merkel, according to Reuters.

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