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China ponys up with their SWF, demanding full market conomy status from EU in return

Bowl of lentil soup/day in the worker’s paradise…

China’s premier, Wen Jiabao, said the country remains ready to help Europe through its current debt crisis, but said Europe must recognize China as a full market conomy.

Addressing CEOs and policymakers at the summer World conomic Forum in Dalian, China, Wen said he had told European Commission President Jose Manuel Barroso on a recent phone call that China was willing to invest more money in the region.

But he urged the EU to grant China the status of a full market conomy before the World Trade Organization (WTO) does so in 2016.

“Recognizing China as a full market conomy is a way a friend recognizes a friend,” Wen said.

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