China tells EU to stop criticism in exchange for bailout help

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...