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Economy
In reply to the discussion: STOCK MARKET WATCH, Tuesday, December 27, 2011. [View all]xchrom
(108,903 posts)50. Analysis - China investment wave unlikely to swamp EU
http://uk.reuters.com/article/2011/12/27/uk-eurozone-china-idUKTRE7BP0FJ20111227
Reuters) - The sign in a boutique selling glass hand-crafted on the Venetian island of Murano betrays an uncertain grasp of English. But the owner is very sure who is to blame for the tough times confronting the 700-year-old local glassmaking industry.
"Everything in this shop is not made in China," it proclaims. A few doors away, imported Murano lookalikes sell for much less. To the untrained eye, they appear identical.
With Europe drowning in debt and flirting with recession, China's influence can only rise further. Euro zone governments would love Beijing to plough more of its $3.2 trillion (2.04 trillion pounds) in foreign-exchange reserves into their bonds.
China is also likely to chip in with a loan to the International Monetary Fund to provide a financing backstop in case Italy and Spain are shut out of the bond markets.
Reuters) - The sign in a boutique selling glass hand-crafted on the Venetian island of Murano betrays an uncertain grasp of English. But the owner is very sure who is to blame for the tough times confronting the 700-year-old local glassmaking industry.
"Everything in this shop is not made in China," it proclaims. A few doors away, imported Murano lookalikes sell for much less. To the untrained eye, they appear identical.
With Europe drowning in debt and flirting with recession, China's influence can only rise further. Euro zone governments would love Beijing to plough more of its $3.2 trillion (2.04 trillion pounds) in foreign-exchange reserves into their bonds.
China is also likely to chip in with a loan to the International Monetary Fund to provide a financing backstop in case Italy and Spain are shut out of the bond markets.
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