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Remember all those stories about China coming to bail out Europe by peeling off some of its...

Remember all those stories about China coming to bail out Europe by peeling off some of its reserves to buy sovereign and EFSF paper? They never made any sense, and thankfully, EU officials have stopped floating them. China will invest plenty in Europe, but it wants real assets, to wit today's announcement of China Three Gorges taking Portugal's stake in EDP (EDPFY.PK) off of its hands for a song.
Comments (1)
  • jean5566
    , contributor
    Comments (71) | Send Message
     
    China want a market economie statute before 2015 to have the freedom to sell at price below anyone else.
    23 Dec 2011, 07:12 PM Reply Like
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