China appears unlikely to come to Eurozone's rescue

Los Angeles Times

David Pierson Don Lee
November 6, 2011

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European leaders are hoping China will be a major contributor to a $1.4-trillion bailout fund, but many in the Asian nation are uncomfortable with that prospect. One reason: Europeans are still better off than Chinese.

The prospects of an emerging China stepping up to the role of global leader by becoming a major supporter of a planned $1.4-trillion European bailout fund has unsettled many in the Asian country.

They don't think China should seal its status as a superpower by shifting its foreign trove of U.S. Treasury bonds and debts of other nations to fund the financial recovery of Greece …

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