China is still a developing, low income country, and not likely to blindly backstop Europe's...

|By:, SA News Editor

China is still a developing, low income country, and not likely to blindly backstop Europe's crisis, says China Investment Corp. chairman Jin Liqun. The country has worked hard to build up its reserves, and might be willing to invest in Europe's infrastructure once a credible plan is in place and reasonable steps are taken by the euro zone to reduce its debt. It's simply not our job, Liqun says, to come to the rescue of any country in distress. (video)