China doesn’t want to borrow money to the suffering European countries

China doesn't want to borrow money to the suffering European countries China doesn’t have the desire to help European countries in their sharp budgetary-debt crisis, and to buy their state bonds. In particular, in sovereign China Investment Corporation fund (operates with actives of 410 billion dollars) such investments are considered to be a bad idea for now.

“For us the acquisition of long-term European state bonds, in particular the Italian and Spanish bonds, are seemed to be more of a big complexity; it is improper object for commercial investments”, – head of CIC Lju Tszyvej has declared today.

According to the financier, the most attractive objects for investments are infrastructural and industrial projects promoting to the economy restoration,-Reuters reports.

Now CIC, before mainly invested to material, including natural resources, aspires to diversify the investments.


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