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.