September 13th, 2011
02:55 PM GMT
Share this on:

Hong Kong (CNN) – It’s a different world when a European country, in this case Italy, can’t rely on its own neighbors to help with financial support. It’s a different world when it can’t even rely on the world’s biggest economic power, a still sluggish United States, to help prop it up. And you know it’s a different world when Europe’s third-largest economy calls out to the cash-rich People’s Republic of China for help.

But that is what appears to be happening.

Italy has basically invited China to make “significant” purchases of bonds and other assets to help the European country out of its financial debt crisis. And the interesting thing is that China could do it – if it wanted. And in fact, it’s also come to light that Chinese investors and Italian government officials have made trips to each other’s capitals for “talks” over the past few weeks.

September 13th, 2011
10:44 AM GMT
Share this on:

With a population of more than 2.5 million people, Chicago is one of the largest cities in the U.S., behind New York and Los Angeles.

But the people here don't see themselves living in any city's shadow; To them, this so-called second city is first.

Chicago has always been visually distinct, and has raised its profile through film.

But the city realizes it will take more than just looks to keep the industry going.

About Business 360

CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.

Powered by VIP