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:

Melanie Stetson Freeman/The Christian Science Monitor
Visitors enjoy the Great Wall in Mutianyu, China, on June 28.

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.

1 of 3
of stories this month > Get unlimited stories
You've read  of  free articles. Subscribe to continue.

Unlimited digital access $11/month.

Get unlimited Monitor journalism.