It’s been something of a rough week for European relations with China after the Spanish government erroneously put out word that Beijing was preparing to invest €9bn in its struggling savings banks. Chalk it up to an over-eager translation of Chinese intentions.
But over lunch at the Chinese mission to the European Union on Thursday, Beijing’s ambassador, Song Zhe, said China was still looking for investment opportunities in Europe, including the sovereign bonds of struggling eurozone countries.
“This is still the beginning phase, and China does not have a lot of experience in this area,” Song told a small group of financial journalists. “In the next phase, it is possible to continue to purchase more.”
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