China gives Spain Vote of Confidence with 7 billion investment

MADRID

— Chinese Vice Premier Li Keqiang Wednesday reiterated Beijing’s pledge to support Spain in a meeting with the country’s prime minister, José Luis Rodríguez Zapatero, as the two countries began signing $7.3 billion in deals.

Mr. Li, widely expected to become China’s next premier within the next two years, told Mr. Zapatero that China wanted a united, strong and stable Europe, with Spain an important player in multilateral international relations.

“China is a long-term and responsible investor in the Spanish and European financial markets, and it has confidence and great interest in the Spanish market,” Mr. Li said on the second day of a nine-day tour of the European Union in a show of support for China’s largest export market.

Excerpt from the Wall Street Journal 06/01/2011

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