CHINA SUPPORTS EUROPE.

Chinese Vice-Premier Li Keqiang, who is currently visiting Europe, assured in an opinion published in the German press that his country supports the efforts by certain European countries to stabilise their public finances as well as the EU rescue measures. These should help "to promote full economic recovery and sustained growth". In Spain, he promised that China would increase its purchases of Spanish treasury bonds and expressed confidence in the Spanish economy. After Spain, Li will continue on to Germany and then the United Kingdom.

However, Beijing's commitment to buy Spanish bonds, following on Greek and Portuguese securities, reflects its strategic interests and is in no case a solution to the...