“Some European countries are facing a debt crisis and hope to convert their assets to cash and would like foreign capital to acquire their enterprises. We will be closely watching and pushing forward the progress.”-Chen Deming, Commerce Minister of China

The Commerce Minister of China just told a group of Chinese businessmen that the Europeans are desperate for cash, and they’re willing to sell their companies for it.

Chinese officials say they are more than willing to bailout European companies by buying them out. However, they warn that if European governments continue their harsh anti-Chinese policies then no deal!

Recently Spain sent a delegation to China, hoping to get financial help.