8:08 AM
Jalal HB
Full Story: TIME World 1 November 2011
There are reports that China is actively considering the use its $3.2 trillion currency reserves to help dig the euro out of its debt hole. In fact China has been requested by the French president who phoned Chinese President Hu Jintao to seek backing.
The opportunity provides China a remarkable opportunity to extract concessions, both economic and political. In trading terms, this might be reflected in the recognition of China's status as a "market economy" when it comes to European Union trade sanctions, a measure that could boost exports otherwise hindered by tariffs.
Read full report that gives a detailed insight into China's options.
Posted in: Money
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