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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Tapping China’s huge reserves carries risks

Posted on 13 February 2009

From Themalaysianinsider.com: Chinese Premier Wen Jiabao has pledged that China would do whatever was necessary to maintain its economic growth at 8 per cent this year, including possibly tapping its vast foreign exchange reserves.

Beijing had been reluctant to dip into its foreign reserves, for good reasons, until now. Wen’s remarks therefore highlighted the gravity of the impact the financial meltdown is having on China….. Full Article: Source


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