Chinese Premier WEN Jiabao visited Italy after the EU/China summit that took place this week. Wen had been to Greece earlier as China is looking for assets in the battered peripheral economies of the EU. Are the Chinese sovereign wealth funds truly interested in European troubled assets or merely attempting to buy some good will so as to break up a possible unified action by the developed nations against the renminbi? The Chinese are in Italy and making some noise about buying Italian companies to ensure a place in the European economies.