There are no formal negotiations with China about investing in the European Financial Stability Facility, the head of the bailout fund said, describing his visit to Beijing as "regular".
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| Klaus Regling, Chief Executive Oficer of the European Financial Stability Facility, is in China for talks amid speculation that the world\'s second-largest economy could come to Europe\'s rescue after EU leaders reached a last-ditch agreement to tackle the debt crisis |
Klaus Regling was in China for talks amid speculation that the world\'s second-largest economy could come to Europe\'s rescue after EU leaders on Thursday reached a last-ditch agreement to tackle the debt crisis.
But the chief executive of the EFSF, Europe\'s bailout fund, said there was no prospect of a deal with China during his talks with officials in Beijing.
"These are regular consultations at an early phase," Regling told journalists at a briefing on Friday. "Don\'t expect any precise outcome of our talks."
China has invested significant sums in European bonds and has repeatedly called on Europe to address its debt crisis, saying a failure to act risks dragging the world back into recession.
Chinese state media have reported that the country has agreed to contribute to the EFSF, but there has been no official confirmation and Beijing has given little indication of how it might be prepared to help.
Beijing has however cautiously welcomed the European deal and reiterated China\'s "faith in the EU and the eurozone economy".