Jin Liqun: Europe Induces 'Sloth, Indolence' -- Al Jazeera
The chairman of China's sovereign wealth fund remains sceptical about supporting a European bailout.
As the global financial crisis continues to hit the eurozone, Nicolas Sarkozy, the French president, and other European leaders have been banking on China to step in and wave its magic wand. But is China prepared to bail out Europe?
Al Jazeera's Teymoor Nabili talks to Jin Liqun, the supervising chairman of China Investment Corporation, China's sovereign wealth fund, to find out whether China is willing to invest more money in Europe, in particular in the European Financial Stability Fund (IFSF), which European leaders now want to beef up for future bailouts.
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My Comment: Amazing .... I have to listen to a Chinese communist official talk the truth about what is happening in Europe today .... and more importantly .... why China will not bail out European governments and their bankrupted banks.