Foreign and Military Affairs
Spain seeks more investments from China
(chinadaily.com.cn)
Updated: 2010-09-01 11:15
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Spain's Prime Minister Jose Luis Rodriguez Zapatero, in Beijing on Tuesday, expressed his hopes that China will lend a hand to help the nation plagued by economic crisis weather the storm.
Zapatero, who is on the last day of his three-day visit to China before heading to Tokyo, also wants the two sides to expand cooperation and increase bilateral investment. And the most encouraging act by China was the buying of 400 million euros worth of 10-year Spain treasury bonds last July.
"The increase of China's holding of Spain t-bonds establishes the market confidence of investors, therefore I hope China will continue to do so," Zapatero said in an interview with a Chinese newspaper, adding that Spain, as solvent as Germany and France, will use 2 percent of its GDP to pay back the t-bonds.
