China offers support to eurozone - papers

The country's foreign ministry spokeswoman, Jiang Yu, said: "We are ready to support the eurozone to overcome the financial crisis and realise economic recovery." She added the eurozone would become "a major market" for China's foreign exchange investments, according to the BBC. China has massive reserves of foreign currency, predominantly in US dollars. Jiang's comments suggest that the country will buy more euros in the future. Earlier this week, China's vice-premier Wang Qishan said he supported the efforts of both the IMF and EU in providing assistance to struggling eurozone...