Italian Bonds: What's in it for China?

We saw this in the redundantly-named Pragmatic Capitalist and thought it deserved a mention:

THE IRONY BEHIND CHINA’S EUROPEAN BOND BUYING

...Make no mistake, this is an attempt by the Chinese to push the Euro higher and maintain what China views as a favorable exchange rate with EMU nations.

One of Train's first rules is, "Always ask, 'what's in it for them?'"