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China investment wave unlikely to swamp EU

Post Time:Dec 27,2011Classify:Industry NewsView:395


The sign in a boutique selling glass hand-crafted on the Venetian island of Murano betrays an uncertain grasp of English. But the owner is very sure who is to blame for the tough times confronting the 700-year-old local glassmaking industry.

"Everything in this shop is not made in China," it proclaims. A few doors away, imported Murano lookalikes sell for much less. To the untrained eye, they appear identical.

With Europe drowning in debt and flirting with recession, China's influence can only rise further. Euro zone governments would love Beijing to plough more of its $3.2 trillion in foreign-exchange reserves into their bonds.

China is also likely to chip in with a loan to the International Monetary Fund to provide a financing backstop in case Italy and


Source: http://economictimes.indiatimes.comAuthor: shangyi

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