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.

Beijing-Shanghai high speed railway round, "the new Chinese dream"

[AFP, Beijing-Shanghai high-speed rail trains on June 30 (Xinhua) - Chinese Premier Wen Jiabao attended the 30th Beijing-Shanghai high-speed railway operations ceremony, and boarded the first column the Beijing-Shanghai high-speed rail trains.

     Held in Beijing South Railway Station Beijing-Shanghai high speed railway operations ceremony, Wen said the Beijing-Shanghai high-speed railway construction for the perfect modern transportation system, promote economic and social development, to meet the travel needs of people of great significance.

     With a 10-year-old daughter to wait on the train Xu Yuhua (sound) of our reporter said: "Take the Beijing-Shanghai high-speed rail is more convenient than flying."

     3:00 pm, the first column of the G1 from Beijing to Shanghai high-speed rail train pulled out of second Beijing South Railway Station.

     [AFP, Beijing, June 30 -] China's two major cities of Beijing and Shanghai high speed railway began commercial operation today. It is believed that this transport system to ease the pressure on China is a crucial step.

     Total length of 1318 km a year in advance of the opening of the Beijing-Shanghai high-speed rail, each capable of carrying 80 million one-way passengers.

     U.S. Global Ltd. analyst Ren Xianfang pass, as the (sound) of our reporter said: "It may decide the future of China's coastal economic situation changes in role play ... ... to bring more high-speed rail along the indirect effects of regional . "

     Engaged in the transportation and logistics research Kele Wei (China) General Manager  Champagnac consulting firm that, the Beijing-Shanghai high-speed rail would force airlines to achieve flight punctuality, the airline will have a positive impact.

     China has invested heavily to build high-speed rail, the end of 2010, high-speed rail mileage of 8358 kilometers, is expected in 2012 will reach 13,000 km in 2020 to 16,000 km.

     Kan Pani Senanayake said that in Beijing and Shanghai, 300-400 km from the urban areas would be like "two suburban cities," because there are possible from the day. He said: "This high-speed railway line will benefit all cities."

[Spain, "Herald," June 29] reported a new high-speed railway to the Chinese capital Beijing and Shanghai the financial center link and takes about five hours. Speed ​​is not the only record of its record, the various aspects of infrastructure projects are unparalleled. 1318 km length of time to become the world's longest high-speed rail line built.

     Less than 5 hours by car shows that the Chinese made ​​the great leap forward in technology. Only 20 years ago, train travel between these two cities also need 18 hours, only a week ago of 10 to 12 hours.

     China is proud of its high-speed railway technology, said that it has completed the Siemens, Alstom, Bombardier, Kawasaki Heavy Industries and other companies into cutting-edge technology, and manufactured products for export. In fact, China has started construction in Saudi Arabia and Turkey, high-speed rail project. Recently, Chinese Premier Wen Jiabao also offered to participate in Britain's high-speed rail project.

     [Germany's "World News" reported on June 29] Title: New Chinese Dream

     All cars are in the playback screen, the latest Jackie Chan action movie, dining is no exception. Chef Ran Zhao Xuan (sound) is there for the passengers on the tea. Someone asked, she also offers coffee, she said: "We have prepared everything." This is column number CRH380BL high-speed trains at 300 km per hour. "We can open smoothly to 350 km per hour," the train car manufacturer company spokesman Don Walker Ultra (sound). Asked CRH380BL Wu do not care why the German inter-city trains are so similar. "We are developed on the Siemens platform of the train," he said, "but in 2005 we purchased is no longer the kind of train. More powerful of our train is faster, the body width of 30 centimeters , Siemens and more than double the passenger. "

     The country are concerned about the Beijing-Shanghai high-speed rail starting June 30. Tickets have been sold out.