China is willing to buy bonds from nations involved in the sovereign debt crisis, National Development and Reform Commission Vice Chairman Zhang Xiaoqiang said in an interview with the media in Dalian earlier on Wednesday. China is willing to offer assistance, Zhang said, adding that Premier Wen Jiabao had made similar remarks earlier, according to a transcript distributed on the planning agency’s website on Wednesday.
Caijing magazine attended the briefing and published an article earlier on Wednesday.
China is also actively allocating foreign reserves via commercial banks to support domestic companies going abroad, Zhang said, without elaborating. China will also use foreign reserves to secure important commodities or find resource assets overseas, he said.
