Monday, January 3, 2011

China gets into the "con game"

Don't know why but it still seems that those speaking in the Queens English have a lot more likelihood of telling the truth, thus scanning some Australian and UK news can be good.

On the face of it, buying Spain debt is absurd.   What is the real story? 

Chinese state media on Monday also quoted Beijing's ambassador to Madrid as saying China is willing to make "positive efforts" to help Spain with its economic recovery.
Li's meetings this week with Prime Minister Jose Luis Rodriguez Zapatero and Finance Minister Elena Salgado will "play a key role" in financial stabilisation, Xinhua news agency quoted the ambassador, Zhu Bangzao, as saying.
Their talks will focus on expanding trade and economic cooperation and will also help "restore market confidence," Zhu said.

Check it out and let me know what you think.

Certainly China has a large interest in countries being able to buy their stuff so that one day that can populate their "ghost cities".

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