The article from the Forbes webpage explains the deep and unsettling problem that is facing the world economy.  Europe, which is on the brink of collapse, as its leaders desperately try to keep together the currency union that was deemed from the start to have difficulties, wants China to swell the EFSF.  However, China might be unwilling to do so as it would basically be throwing money out the window, as the bailout fund is only a temporary solution to the problem.  But seeing how China is so dependent on European exports and currency investments, it is hard to see how Hu Jintao and the communist party can avoid getting involved.

What most likely needs to be done is just stop trying to postpone the inevitable crash of some economies in order for the system as a whole to recuperate from the imbalance that is the world economy.  It is going to be rough and unpleasant but inevitable anyway so by spending these mass amounts of money is not helping anybody in the long run.