China is deeply invested in Europe, not only with trade partnerships, but also in European real estate. And with all that investment, a Greek default could have major implications for China.
This week, Russia is hosting the annual St. Petersburg International Economic Forum. China's President Hu Jintao is attending this year's forum in hopes of announcing a new gas deal between China and Russia.
The Chinese communist government is intentionally trying to slow down the world's second-largest economy. But some are now worried that the slow down is coming too fast. Michael Pettis, economist at Peking University in Beijing, explains.