China tells EU to stop criticism in exchange for bailout help

clock

Chinese authorities are on the brink of contributing to the eurozone's bailout fund, but key conditions have to be met first,according to reports.

Two senior advisers to the Chinese government told the Financial Times that a contribution was very likely, but it would be dependent on contributions from other countries and strong guarantees over the safety of its investment. The two senior advisers include Li Daokui, an academic member of China's central bank monetary policy committee, and Yu Yongding, a former member of that committee. Stock markets rallied yesterday after the announcement that a deal had been reached late on Wednesday at a eurozone summit aimed at tackling the sovereign debt crisis, with bank stocks seeing subst...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot