This is not a post about whether China is buying or selling Euro debt or currency, but is about: can we trust anything that comes out of China. China is still a communist country. It is run by a socialist communist party, which 300 of their top members run the entire country. The corruption extremely high, a lot of people think that corruption in China is not as bad like it is in Eastern Europe. My strong belief is that it is about the same or worst. I just think the Chinese are more disciplined as people and that discipline in a system does not allow for the news about corruption to leak out, like in Eastern Europe or any other highly corrupt countries.
So the conclusion is: “The Chinese do not have the credibility that a lot of people are giving them.”