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Funny, China about to invest in bad European debt

In the morning I thought that there would be no such a fool investor who would be willing to put his money into European debt and here we go! China claimed that they would step in and buy European bonds. Thus I do not know who is a bigger fool here. Or maybe China needs to get rid of some dollars, who knows, but definitely this is comic or tragicomic. I really wonder what Chinese investors or the country itself gets by buying bonds or putting their money into a fund bailing out European countries which will go bankrupt. Am I missing something?

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