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China considers assisting EU in debt crisis

China's prime minister, Wen Jiabao, said that China would consider liaising with the International Monetary Fund, in order to help the European Union in tackling its debt crisis.

Speaking at a press conference in Beijing, shortly after meeting the German Chancellor, Angela Merkal, Wen stated that “China supports Europe in safeguarding the stability of the euro,”, and confirmed that Chinese officials were examining the possibility of "involving itself more" in the EU debt crisis through investing in the regions' two large rescue plans - the European Financial Stability Facility, and the European Stability Mechanism. 

 

In return, China is expected to push for political or trade concessions.

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