Eurozone crisis live: China warns of difficult outlook for Europe First up: China's powerful sovereign wealth fund has warned European leaders that the outlook for the eurozone remains very tough. Jesse Wang Jianxi, executive vice-president at China Investment Corp, diluted the pre-Christmas spirit in Europe by telling a conference that CIC was wary of investing more in the region. Speaking on the island of Hainan, Wang said: I think the outlook for the European debt crisis is not optimistic yet. We have been investing actively in European countries and if the heavily indebted countries and European Union can provide a more friendly investment environment, I think we can invest more actively in the future. European leaders have been actively lobbying China to help them out of the crisis - Angela Merkel visited the country twice in 2012 in an effort to drum up trade and investment (in February and August). Wang's comments, though, show that Beijing remains sceptical about the eurozone, despite optimism in Brussels that the worst of the crisis is over. With resources of around $480bn (£300bn), CIC's concerns should carry weight. And as Reuters points out, China has resisted buying into Europe's bailout fund - and is keen to see Europe's richer nations contribute more. For CIC, a "more friendly investment environment" means one with a greater focus on growth, rather than self-defeating fiscal consolidation. Last month, the chair of its board warned that European austerity has now pushed the public close to "breaking point." He also argued that the European Central Bank should engage in more "unorthodox" measures to turn the region's slump around. So, a reminder that the crisis has not abated. As usual we'll be tracking all the latest developments though the day, as the end of the year approaches....