The EU is looking towards China to aide it in its current financial crisis. The Chief of the European Union bailout fund, Klaus Reding has been holding meetings with Chinese officials to discuss Beijing’s involvement in the bailout plan. Reding met with China’s Central Bank and Finance Ministry on Friday, to persuade the Chinese government to join the IMF in investing in the region.
China has previously expressed its lack of interest in investing heavily in Europe. According to Dr Baozhi Qu, a senior research fellow at the Skolkovo Institute for Emerging Market Studies in Beijing, Europe requires China’s investment desperately as China needs a stable European market for the export of its products. However Beijing is hesitant in investing in any vulnerable investment opportunities.