Greece is wooing China to buy up to €25bn of government bonds, a move that underlines Beijing's growing financial power, as Athens struggles to fund soaring public debt.
Goldman Sachs, the US investment bank, has been promoting a Greek bond sale to Beijing and the State Administration of Foreign Exchange (Safe), which manages China's $2,400bn foreign exchange reserves, said people familiar with the issue.
Gary Cohn, Goldman Sachs chief operating officer, has made two trips to Athens – last November and this month – to meet George Papandreou, prime minister and senior officials.
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