China is certainly not shying away from giving the impression that it is much more favourably inclined towards Europe rather than the US. I guess old idealogical enmities die hard. China has been quite bullish in its support of Greece and Portugal over the last few months and its statements directed at Europe have been quite supportive. This certainly does not seem to have been the case with the US where there have been quite a few verbal spats. The only notable economic growth is in Asia so Europe is not going to repel these advances. May you live in interesting times.