Europe debt crisis: 3 reasons why China won't help out
Although China, the world's largest creditor, has bought European bonds in the past, experts doubts that it will reach out to help alleviate the Europe debt crisis. There are reasons why it would, and here are three main reasons why it won't:
1. China has been burned before
Chinese leaders, especially in the financial field, are extraordinarily cautious. China’s sovereign wealth fund has already been burned by a couple of bad foreign investments, and the eurozone looks like too much of a political mess for Beijing to want to get involved. For men who hate uncertainty, Europe is not a comfortable place to be at the moment.