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Angela Merkel and French President Nicolas Sarkozy at the Eurozone summit …
China has agreed to invest in the euro bailout fund, European Union diplomats said Wednesday. The eurozone is asking emergency economies to contribute to the European Financial Stability Fund (EFSF) which a meeting later Wednesday was set to beef up.
“China is in,” an unnamed diplomat in Brussels told the AFP news agency. "But not yet Brazil, Russia, India or South Africa." Another diplomat confirmed the news.
EFSF chief Klaus Regling is to visit Beijing on Friday, the European Union (EU) delegation in China said in a statement.