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China’s status as the fastest-growing major economy and holder of the largest foreign-exchange reserves lured another bailout candidate as Italy struggles to avoid a collapse in investor confidence.
Italian officials held talks in the past few weeks with Chinese counterparts about potential investments in the country, an Italian government official said Monday, adding that bonds weren’t the focus. Finance Minister Giulio Tremonti met with Chinese officials in Rome this month, his spokesman Filippo Pepe said Tuesday.
Chinese Foreign Ministry spokeswoman Jiang Yu, asked about buying Italian assets, said Europe is one of his nation’s main investment destinations, without specifically mentioning Italy.
