China state paper urges guarantees for euro bailout

September 17, 2011 06:33


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


BEIJING - China should demand the debt-stricken euro zone area guarantee investments, an editorial in the country's top official paper said on Saturday, arguing that Beijing must not enter single-handedly into any European debt bailout.

The call came in an editorial of the overseas edition of the People's Daily, the official paper of China's ruling Communist Party. While such an editorial does not amount to a statement of government policy, it underscored the pressures on Beijing to win assurances for investments in the troubled euro zone.

"For China, under the conditions of globalization, supporting Europe out of its debt crisis would help global economic recovery and the stability of the international financial system, and as well Europe remains China's biggest export market," said the front-page editorial written by Li Xiangyang, a foreign policy researcher at the Chinese Academy of Social Sciences, a state-run think tank in Beijing.

"However, we must clearly understand that there are systemic risks in investing in European bonds," wrote Li.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 12, 2018
IDF announces attack on Hamas's Al-Aqsa TV station in Gaza city