How can China save the euro?

Premier Wen Jiabao's visit to Hungary, Britain and Germany, mainly to talk about economic cooperation and cultural exchanges. During the visit, Wen also said China has confidence in the euro market, willing to buy a certain number of euro government bonds, which the media interpreted by some as the "Chinese dragon to save the weak euro."
In fact, Chinese Vice Premier Wang Qishan to the very end of the euro early this year, Vice Premier Li Keqiang said that Spain is willing to buy a certain number of bonds, the European and American media have articles discussing whether Europe needs China to arm weakness to one.
This argument is very eye-catching, but the reality is that China expressed confidence in the euro to buy a certain number of bonds, the euro is indeed in crisis help, but when it comes to China to "save" the euro, it would be only is part of the media hype. Because China is far from "saving the euro," or the British "Financial Times" as saying that China not Europe as "savior."
Although the news reports, China's rapid economic growth, increasing the strength of the euro zone perilous, precarious. But the simple fact is that the euro area countries, China still a developing country. European average wages nearly ten times higher than China, Europe, national infrastructure, educational facilities and social welfare, it is far ahead of China.
Euro crisis, but Greece, Spain, Portugal and other southern European countries, over-consumption, over high welfare, so the result of excessive debt. Now want to implement tight fiscal policies to solve the problem, but these countries (eg Greece) the welfare of citizens are not accustomed to high promise, so it seems dire. News of "crises" of the European countries, people's quality of life than the average Chinese to, should be much higher. Moreover, the euro area is not incapable of solution, led by Germany but because of more "thrifty" original capital of the country do not want to spend to save. And in Europe many people think that since the debt supported by high welfare, high-consumption model is not sustainable, it would make it completely collapsed, and then restored. If you save, the euro area does not need help.
The reason why China expressed confidence in the euro, the natural sense. Because "the euro's stability, contribute to world economic stability and help China-EU economic relations and development." And buying the euro as foreign exchange reserves, can also encourage China to diversify foreign exchange reserves. But China's purchase of government bonds and investment in the euro area, but the billions of dollars, there can be no salvation.
And, just as some of the media analysis, the cooperation between China and Europe, in fact, there are many potential "inconvenient" place. Europe wants to revive industrial production through to expand exports and create jobs, to change the current crisis, and in this respect, a good worker welfare worker welfare in Europe will bring in China as a low-unfair competition, appearing in Central Europe trade War is an example. Moreover, China-EU cooperation, I hope in technology, progress in financial sector, but in Europe in technology transfer has been reluctant to let go then. In addition, the two sides in the field of human rights is also often a number of unpleasant things happen.
So, from all indications, the Chinese release of the euro did good enough, "Chinese Dragon to save the euro" was, indeed, belong to exaggeration.