Sunday, January 9, 2011

China promises to buy Spanish bonds

From http://www.ft.com/cms/s/0/e6007b9c-18f2-11e0-9c12-00144feab49a.html#axzz1AUBoBAO8 (in Spanish)

Li Keqiang, Chinese deputy premier, has recently visited Spain and promised to buy sovereign bonds to help the eurozone come out of its public debt crisis. During his visit, he met Spanish primer minister, José Luis Rodríguez Zatapero, and King Juan Carlos. Deals include agreements to sell Spanish olive oil, wine and ham, plus a contract to supply air traffic control systems to China, a banking cooperation agreement and an extension of the cooperation between Sinopec and Repsol. China is also seeking the lifting of the EU embargo on arms sales and a better access to European markets.

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