BUDAPEST: China again showed its interest for Europe on Saturday as Prime Minister Wen Jiabao announced Beijing would purchase Hungarian government bonds and extend a one-billion-euro credit to the country. The announcement came during a visit to Budapest kicking off Wen’s second European tour in nine months, even as the continent battles a currency and sovereign debt crisis. At a press conference with his Hungarian counterpart Viktor Orban, Wen announced that China was ready to buy Hungarian government bonds, though he did not put a figure on the deal. The one-billion-euro ($1.4-billion) credit will be extended by the China Development Bank to benefit common projects, Wen told journalists after talks with Orban.
Published in The Express Tribune, June 26th, 2011.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ