China has launched a charm offensive in Europe with repeated promises by Li Keqiang, the visiting deputy premier, to buy Spanish sovereign bonds and help the eurozone emerge from its public debt crisis.
“China will continue to look into the market and carry on buying,” Mr Li was quoted as saying by the Chinese foreign ministry. On Wednesday he met José Luis Rodríguez Zapatero, Spain’s Socialist prime minister, and King Juan Carlos, as well as business leaders and cabinet ministers.
His visit to Madrid, to be followed by trips to the UK and Germany, was accompanied by the signing of at least 16 business agreements worth some $7.5bn.
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