Premier Wen Jiabao said on Friday that China has neither the intention nor the ability to buy up Europe, answering concerns over the country's increasing investment in debt-stricken eurozone economies.
Sweden's Trade Minister Ewa Bjorling presented an initiative on Tuesday to promote fashion exports to China.
What provides some relief in today's chilly global economic climate is not just the continuous growth of emerging countries as the world's economic engines, but also the strong performance of luxury goods, especially in China.
Investments in China from the Euro Zone dropped by 42 percent in January as compared to a year ago, causing a slight drop of 0.3 percent in the nation's total foreign direct investment for the same period.
China is likely to face a trade deficit in 2012, partly driven by the deteriorating eurozone crisis and a possible debt default by Greece, economists warned on Monday.
Chinese banks should prepare technically and strategically for a partial break-up of the eurozone, said an analyst at Bank of China Ltd (BOC) on Wednesday.
Concerted action by the world's biggest central banks to lower borrowing costs and boost the global economy amid the eurozone's worsening sovereign-debt crisis has failed to dispel growing concerns of a worldwide credit squeeze.
Growing Chinese investments in Europe including the purchases of peripheral eurozone bonds contribute to sustaining the value of the euro and help to reassure the markets, particularly in these turbulent times.
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