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China urged to invest vast forex reserves in agri sector abroad

Posted on 31 May 2011

World’s largest forex reserves holder, China should use its huge foreign exchange reserves to expand investment in the agricultural sector overseas, according to a researcher with country’s Research Center For Rural Economy.
In an essay published in the state-owned Farmer’s Daily, Chen Jie said this will help to increase domestic market supply. China’s foreign exchange reserves to $3.04 trillion as of the end of March, with a substantial portion invested in U.S. Treasurys……………………………………….Full Article: Source

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