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Summit G-20,European Crisis and the Role of China: Beijing wants Europe to solve its crisis before any finantial support.

G 20 Summit Official Photo in Cannes.

G 20 Summit in France this week will be decisive for economic crisis..

G 20 Summit Official Photo in Cannes.

As a subtle comment on the european situation, the chines news agency said “amid such an unprecedented crisis in Europe, China can neither take up the role as a savior to the Europeans, nor provide a ‘cure’ for the European malaise.”

“Obviously, it is up to the European countries themselves to tackle their financial problems. But China can do within its capacity to help as a friend.”

Such commentaries offer an insight into government thinking, even if they do not reflect official policy.

However, unofficial comments said that China is waiting for a European gesture during the next Summit of the G 20, specially from Germany and France, before any concrete buy of bonds or any “enhanced” assistance.

In regard to the european crisis, Xinhua said Europe needed to make “more concerted efforts”.

The G20 summit in Cannes next month should accord China the respect it deserves, the commentary of Xinhua added.

“It is advisable that at the summit European leaders take heed of the voices of emerging economies (like China) , whose remarkable contribution to world economic recovery and growth deserves better understanding and reciprocal treatment.” READ MORE HERE