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Wang: 'The euro zone crisis has not entirely played out and asset prices are very volatile. They haven't found their floor' (Photo: Stefan)

China looking to snap up EU factories, railways

China is looking to buy EU factories and railways instead of wobbly government bonds as prices fall amid the eurozone crisis.

Minister of commerce Chen Deming articulated the strategy at a business congress in China on Monday (28 November).

"Next year, we will send a delegation for promoting trade and investment to the European countries ... Some European countries are facing a debt crisis and hope to convert their assets to cash and would like foreign capital to acquire their en...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Wang: 'The euro zone crisis has not entirely played out and asset prices are very volatile. They haven't found their floor' (Photo: Stefan)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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