China's Vice Premier Li Keqiang wrote in an editorial in the Spanish newspaper El Pais, stating that Chinese officials have faith in Spain's financial system and will continue to take part in government debt auctions.

Spain has come under increasing pressure from international debt markets on concerns it may be forced to follow Greece and Ireland and seek an EU/IMF bailout.

The vice premier will begin a three-day visit to Spain on Tuesday before visiting the United Kingdom and Germany.