Will China Bail Out the West?

Though the political leaders in China agree that China has responsibility toward the global financial crisis, they make it clear that the economic development within China takes priority. From BBC:

In order to bail out ailing financial firms, Western governments need money – and China seems a good place to get that much-needed cash.

But Chinese economists say that while Beijing is ready to play its part in the rescue efforts, it will not be writing any blank cheques.

Senior Chinese officials say they are more focused on their own, internal problems, such as avoiding a domestic economic slowdown.

China’s position toward the global economic has remained consistent, as evident from another post in China Digital Times.

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