Greece

    China intends to purchase Greek bonds once the European nation begins accessing international markets for funding again, Chinese Premier Wen Jiabao said over the weekend. Wen, who kicked off Oct. 2 a tour of European capitals, said his nation will support Greece’s shipping industry.

    Meantime, Wen said China supports a stable euro and will not reduce its holdings of European bonds.

    “From the outbreak of the sovereign debt crisis in certain European countries at the start of this year, I have repeatedly voiced China’s support of measures adopted by the European Union and International Monetary Fund,” Wen told Greek lawmakers in Athens, Bloomberg reports.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.