China Pledges Help for Spain

EU Business:  China is willing to make “positive efforts” to help Spain with its economic recovery, state media on Monday quoted Beijing’s ambassador to Madrid as saying, as a top Chinese official prepared for a visit.Vice Premier Li Keqiang will pay a three-day visit to Spain from Tuesday, for talks likely to touch on Spain’s financial woes amid fears of a sovereign debt crisis in Europe, which is China’s biggest export market.

Li’s meetings with Prime Minister Jose Luis Rodriguez Zapatero and Finance Minister Elena Salgado will “play a key role” in financial stabilisation, Xinhua news agency quoted the ambassador, Zhu Bangzao, as saying.

Their talks will focus on expanding trade and economic cooperation and will also help “restore market confidence,” Zhu said. The report gave no further details.  Read more at EU Business…..