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China aims to chill talk of EU rescue

By Keith Bradsher
New York Times / December 5, 2011
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The Chinese government over the weekend sought to tamp down international expectations that Beijing might use its large financial reserves to help ease the European debt crisis. The two government agencies that control the reserves face heavy restrictions on their use, Chinese government officials and economists said. ‘’The argument that China should rescue Europe does not stand, as reserves are not managed that way,’’ China’s vice minister for foreign affairs, Fu Ying, said in comments that were prominently reported by the state news media over the weekend.

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