We can't cure Europe's malaise, says China
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Europe should not expect China to ride to the rescue as its "saviour" from the debt crisis, though Beijing will do what it can to help a friend in need, state-run news agency Xinhua said in a commentary yesterday.
The head of Europe's rescue fund sought to entice China this weekend to invest in the facility by saying investors may be protected against a fifth of initial losses and that bonds could eventually be sold in yuan if Beijing desires.
Though China has expressed confidence that Europe can survive its crisis, it has made no public offer to buy more European government debt.
"Beijing's good-will gesture is a good response to those who see China as a threatening rival to Europe. Despite differences in politics, economy and culture, China and the EU are still good friends and partners," Xinhua wrote.
"However, amid such an unprecedented crisis in Europe, China can neither take up the role as a saviour to the Europeans, nor provide a 'cure' for the European malaise," it added.
"Obviously, it is up to the European countries themselves to tackle their financial problems. But China can do within its capacity to help as a friend."
Although not official, Xinhua commentaries often reflect government thinking. REUTERS
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments