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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.

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