BRIC Countries Positive Toward Helping EU Debt Crisis, PBOC’s Zhou Says

BRIC countries are all very positive toward helping resolve Europe’s debt crisis, People’s Bank of China Governor Zhou Xiaochuan said in Beijing.

Still, they have to wait for the right time and right opportunity to help, he said.

China can use three avenues to help - the central bank, China Investment Corp., the nation’s sovereign wealth fund, and banks including the China Development Bank, Export-Import Bank and other institutions, he said.

He reiterated comments previously made by Premier Wen Jiabao that China hopes for more “innovation” from Europe to provide more lucrative products that are “truly appealing” to investors.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net

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