Credicorp Securities Headlines: Why China is helping the EU
With much of the world overstretched by debt, western eyes are looking eastward to China to keep the battered system afloat. Here is why China might want to help:
The Communist People’s Republic of China is second only to the United States in economic power. But the US has financial problems that leave it hamstrung, and the EU is paddling for all it is worth to keep its single euro currency above water.
