Chinese Leader Hu Meets French President, Bailout Still Uncertain

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Chinese Communist Party head Hu Jintao is in France, where he's had a meeting with President Sarkozy ahead of the current G20 summit.

Under discussion is a controversial proposal for Chinese investment in the EU's financial bailout fund.

A major item under discussion at the G20 summit is Europe's bailout plan, to deal with massive debt and instability, largely centered on Greece.

Chinese regime leader Hu Jintao arrives as his administration is being actively wooed to invest in this bailout effort. However, it's unclear whether even one-on-one meetings like the one he had with French President Sarkozy will lead to large-scale investment.

One major obstacle is Chinese domestic opinion, which seems overwhelmingly against the idea of using China's surplus funds to bailout foreign nations--rather than to improve conditions at home. One source close to China's top leaders told the Reuters news agency that "domestic pressure (on China's leaders) is huge," and that "ordinary people are condemning" any bailout plan.

China's communist leaders have been wary of taking any action that could lead to Arab Spring-style unrest. So they may also be concerned about opinions published online like "This is the people's blood and sweat money that is being used to bail out gluttonous and lazy Greeks."

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[kornypony]

he visited Dalai Lama and boycotted Beijing Olympics, keep pushing China's button on purpose, why bother with this fool?

[schlagerhansi]

@sciflyer67

You probably think you made a joke, but it's bitter reality. The Chinese already leased Pirée from the Greek (for 99 years, as the British once did with Hongkong), they are negotiating with Eire and Portugal for the lease of harbors over there (that's not a secret, but quite official), and there are secret negotiations with Italy (for a port on Sicily) and with France, not for the Tour Eiffel, and not for the whole Riviera, but for Toulon. France is almost bankrupt, wait and see...

[grecorivera]

Just say no HU!

[yebang89]

Sarkozy: want me to teach you the french kiss? it cost 1billion

Hu Jintao: its a deal

[rahungry]

Sarkozy: Give me 1 Billion, I will suck your dick for 1 billion.

Hu Jintao: Open wide Bitch.

[sciflyer67]

Sarkozy: Please give us money for the EFSF so that French Banks won't fail.

Hu Jintao: OK, give us the French Riviera & the Eiffel Tower. We're the NEW IMF, bitchez!