EU Leaders Visit Investment Partner China
European Union leaders are in Beijing, just after several EU member states were downgraded by the credit-rating agency Moody's. China has been investing in European companies. And now, Beijing says it may invest in an EU government bailout fund.
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RENEE MONTAGNE, HOST:
NPR's business news starts with China's global diplomacy.
(SOUNDBITE OF MUSIC)
MONTAGNE: As China's vice president tours the U.S., his colleagues back home are burnishing relations with their other major trading partner, the European Union. EU leaders are in Beijing today, just after several EU member states were downgraded by the credit-rating agency Moody's, a sign of the region's fragility. China has been investing in European companies, and now Beijing says it may invest in an EU government bailout fund.
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