TW: China Buying Into Italy?


Devil	= Secret	+ Person	+ Garden

COGwriter

In today’s, TW News & Prophecy E-Zine, the Living Church of God (LCG) reports:

China buying into Italy?

“Italy confirmed it held talks with Chinese officials amid speculation Rome is looking to persuade Beijing to buy its bonds or invest in its companies, while premier Silvio Berlusconi flew to Brussels Tuesday to discuss the market turmoil.” While Berlusconi met with the EU President about Italy’s debt, his government was apparently seeking bailout help from China. The Wall Street Journal and the Financial Times both reported that Italian talks took place last week with the chairman of China Investment Corp.According to a Chinese Foreign Ministry spokeswoman, “Europe will continue to be one of China’s main investment markets. We will also expand financial and economic cooperation and investment cooperation with European countries to jointly address the financial crisis.” China Expert Romeo Orlandi identified the pros and risks of the situation with China: “In principle it’s a win-win situation: Italy needs money, China has the world’s largest reserves. But this means that we must sell pieces of Italy to China.” He added that “the talks may be an indication of how serious Italy’s financial troubles are” (Associated Press, September 13, 2011).

Not only do Italy’s recent actions indicate the depth of the nation’s financial woes, they also highlight the tenuous iron-and-clay nature of the European Union–a union of nations whose unstable merger was prophesied millennia ago (Daniel 2:41-43). If China becomes a player in Europe, this may hasten the disruption and rearrangement of the current 27-nation EU. This action could be the beginning of significant developments across Europe.

If you received this E-Zine from a friend and would like to begin receiving your own copy click here to sign up for free.

China is increasing its influence around the world and is also very interested in Europe (amongst other reasons, it is looking for a market for its goods to augment and/or replace the USA).

The reality is that much of what China itself appears to be doing is consistent with what the late Deng Xiaoping once expressed,

China must hide brightness and nourish obscurity . . . to bide our time and build up our capabilities (Source: Times Online).

China as been increasing its influence, and the Bible indicates it will have an important role in the end time. But even more so, will Europe.

Some articles of possibly related interest may include:

China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for China? Is it a “King of the East”? What will happen to nearly all the Chinese, Russians, and others of Asia? China in prophecy, where?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe?