Chinese premier Wen Jiabao has announced the country will tap its huge supply of foreign currency reserves in a drive to help Chinese companies acquire new overseas assets, a move that is certain to have implications for European firms.
"We should hasten the implementation of our ‘going out' strategy and combine the utilisation of foreign exchange reserves with the ‘going out' of our enterprises," Mr Wen told Chinese diplomats in comments published on Tuesday (21 July).
Although ...
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