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Wen: China has no intention to 'buy Europe'

China’s Premier Wen Jiabao said Friday the Asian giant had neither the ability nor the intention to “buy Europe”, amid concerns over growing Chinese investment in debt-stricken Eurozone economies.

China is “willing to cooperate with Europe to fight the current crisis. Some people say this means China wants to buy Europe”, Wen told a German-China business forum in the southern city of Guangzhou.

“This a concern and doesn’t fit reality. China doesn’t have this intention and doesn’t have this ability.”