China Could Buy Greek Bonds

China signalled it would buy bonds when Greece issues debt again, in a show of support for a financially-stricken nation that hopes to become a gateway into Europe for Chinese products.

Kicking off a three-day visit to Greece, Chinese Premier Li Keqiang pledged to remain a long-term investor in Greek bonds and reiterated growth and CPI targets for the Chinese economy, though he warned the global economy remained uncertain.

“The Chinese economy is under pressure but it is still growing at a steady pace,” Li, speaking through an interpreter, told a news conference. “Certainly, the global economic recovery still has many uncertainties and faces many challenges.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza