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China would rather deal with EU states bilaterally (Photo: Proggie)

Facing up to your Chinese Banker: EU-China relations in the Year of the Rabbit

When Obama sat down with Hu this week, he faced the quandary raised last year, according to WikiLeaks, by Hillary Clinton: how a nation talks tough with its banker.

The euro crisis and resultant Chinese investment in European sovereign debt, partly in a bid to help shore up the single currency, means that several EU countries now have something else in common with Washington: China is their banker too.

Those who worry that China has ‘bought Europe' with its recent investment sho...

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The views expressed in this opinion piece are the author’s, not those of EUobserver
China would rather deal with EU states bilaterally (Photo: Proggie)

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