Bloomberg News

PBOC Adviser Says European Resolution Needed to Get Chinese Aid

November 04, 2011

Nov. 4 (Bloomberg) -- Chinese central bank adviser Li Daokui said countries such as China and India should offer money to aid Europe provided Europe can deliver a plan for resolving the debt crisis.

China should also retain a certain amount of control over such investments and ensure such investments are safe, Li said at a conference in Beijing today. It’s also better if such investments are denominated in yuan or in the International Monetary Fund’s special drawing rights, and not in U.S. dollars, Li said.

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net


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