Tzogopoulos, George (2013), “Propping up teetering Europe necessary for China’s own interests”, Global Times, 16 Μαΐου.
The European debt crisis is a significant challenge for China. There’s the risk for Beijing’s export-dependent economy and the threat to China’s attempt to achieve a successful diversification of its currency reserves.
But perhaps the most important problem is that a potential disintegration of the European common currency area might have dramatic consequences on the world order and affect the principle of multilateralism advocated by the Chinese leadership in international affairs.