China's SWF follows Norway's SWF and dumps Europe ..... as they say , nothing to see here folks , move along !

http://www.telegraph.co.uk/finance/financialcrisis/9258317/Chinese-sovereign-wealth-fund-stops-buying-European-government-debt.html

Amid resurgent political and financial crisis in Spain and Greece, Gao Ziqing, head of the China Investment Corporation (CIC), said the $440bn (£273bn) fund was "looking at opportunities in Europe" but added: "We don't want to buy any government bonds."

Eurozone leaders have tried to attract investors from Asia to help mop up excess sovereign debt. Both China and Japan have been supportive in the past, in part because Europe is one of their biggest export markets.

The retreat by China came amid political deadlock in Greece, the bank crisis in Spain and signs of a deepening economic recession.

Nothing to see here