Jin has previously said that that working harder and longer would help pull the eurozone out of recession.
But, the Guardian reported that on Friday, Jin said that recent protests across the eurozone showed that austerity has stretched the public's tolerance "to breaking point".
China's sovereign wealth fund is one of the largest in the world. Earlier this year, the fund said it no longer wanted to buy European government debt.
Although China's own economy is showing signs of recovery after seven successive quarters of slowing growth, senior officials warned on Friday that the country faces growing global economic risks next year.
The looming fiscal cliff in the United States, Europe's debt crisis and rising trade tensions all threaten growth in the world's second-biggest economy.
"Uncertainties in the global economy will increase further in 2013, especially in Europe and the United States - China's largest export markets," vice finance minister Zhu Guangyao told the Beijing financial forum.
He cited the recent IMF forecast that the fiscal cliff in the United States - shorthand for budget cuts and tax rises that could take effect next year - could amount to $800bn and cut could US economic growth by 4.8 percentage points in a worst case view.
"It could drag China's economic growth down by 1.2 percentage points," Zhu said, adding that he hoped Washington would come to an agreement on taxes that would keep the US economy on track.
On Thursday, China unveiled the new leaders who will take charge of the world's most populous nation for at least the next five years. Xi Jinping was anointed the head of the Communist party and the head of the military.
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