China could provide up to $100 billion (73 billion euros) to support debt-wracked eurozone, a member of the Chinese central bank's monetary policy committee said in an interview Thursday. If certain conditions are met "one could think that an amount around 100 million dollars is not inconceivable," Li Daokui said in an interview in the French daily Le Figaro.
Europe has been looking to China, which has amassed a massive foreign currency reserves, to help bankroll the expansion of its bailout fund to one trillion euros to contain its debt crisis. The head of the European Financial Stability Facility, Klaus Regling, travelled to Beijing last Friday for talks about a possible contribution, but China has so far made no firm commitment to provide financial assistance. "China is ready to help Europe, it is clear, but there are at least two preliminary conditions" to fulfil, said Li.
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