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Zapatero gets Chinese investment pledges

Source: Reuters - Tue 12th Apr 2011

China will continue to buy Spanish debt and will help to fund a restructuring of its savings banks, a Spanish government source said after Chinese Premier Wen Jiabao met Spanish Prime Minister Jose Luis Rodriguez Zapatero in Beijing.

The Spanish source told Reuters that Wen did not mention any specific investment amounts at the bilateral meeting on Tuesday.

China currently holds 12 percent of Spanish sovereign debt that is in foreign hands, the source said.

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