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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

China $2 trillion reserves keep U.S. stimulus afloat

Posted on 16 July 2009

From Bloomberg: China’s foreign-exchange reserves are surging again, helping the Obama administration sell unprecedented amounts of debt as it seeks to drag the world’s biggest economy out of a recession. China Investment Corp., the nation’s $200 billion sovereign wealth fund, lost money on its first investments.

Stockpiles of currency rose by a record $178 billion in the second quarter to top $2 trillion for the first time, the People’s Bank of China said yesterday……..Full Article: Source


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