QOTD: China Rescuing Italy?

From the NYT:

“China is a poor country with only $4,000 per capita income. To talk and think about China to rescue countries with $40,000 per capita incomes is ridiculous.”

-Yu Yongding, a Chinese top economist and former member of the central bank’s monetary policy committee

Source: Europe Is Urged to Take Bolder Action on Debt (NYT)

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