CCTV News: China’s Bailout of the EU
I was on CCTV News BizAsia this morning, talking about the visit by Chinese Vice Premier Li Keqiang — who is expected to take over the China’s #2 leadership position after 2012 — to Spain, Germany, and Britain. In particular, we talked about the significance of China’s pledge to buy Spanish sovereign bonds, as well as the trade and investment deals signed during the trip. I also talk about some of the main areas of agreement and disagreement that are likely to dominate Li’s visit to Germany, later this week.
You can watch a short clip of the interview here. The questions I was asked include:
1.Chinese Vice Premier Li Keqiang is in Europe for his official visit. He says China is willing to buy more Spanish government bonds to help the country deal with market concerns about its solvency. So to what extent can China help Europe fight its debt crisis?
2.China and Spain have sealed 7.5 billion dollars in trade deals. What impact will these agreements have on both sides’ economic development?
3.The Chinese Vice Premier is also set to visit Germany and Britain. What are we likely to see from those visits? In which fields can China and European countries improve cooperation?
I was also on Dialogue Tuesday night, talking about the challenges to US-China relations in light of US Secretary of Defense Robert Gates’ visit to Beijing this week, as well as President Hu Jintao’s official state visit to Washington later this month. We discussed the communications gap and strategic distrust that exists between the two country’s militaries, as well as some of the main areas of economic disagreement and whether they can be resolved. You can watch that show here.