Hands still being held out for Chinese help

China Daily Europe

Fu Jing
October 12, 2012

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The establishment of the European Stability Mechanism comes with warnings from experts Brussels will continue to look to Beijing to bolster the European Stability Mechanism, the long-awaited permanent financial firewall inaugurated on Monday, China observers say.

But they have warned that Beijing needs to be wary even though the European Union and China reached a consensus recently that Beijing would buy more bonds when the mechanism came into effect.

"Beijing still needs to look carefully at the limits of key European states in backing such mechanisms and then determine how much support it is willing to give," says Gregory Chin …

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