China snubs debt in European spending spree

Sunday, 5 February 2012

Beijing (AFP) Feb 5, 2012

Chinese companies and funds have ramped up investment in crisis-hit Europe, buying utilities, energy firms and even luxury yacht makers, but are steering clear of eurozone debt. Analysts say bargain-hunting - and not the secret hand of Beijing - is driving the recent wave of acquisitions as Chinese companies seek to expand overseas and the country's sovereign wealth fund diversifies away f

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