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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Beijing’s Treasury holdings fall as it diversifies

Posted on 19 February 2010

From AP: A decline in China’s declared holdings of U.S. Treasury bills comes as it is trying to diversify its foreign assets. But analysts say Washington’s debt is still the only asset big enough to absorb the trade-fueled flood of cash Beijing needs to invest, and it might be adding to its hoard with secret purchases through banks abroad.

A U.S. government report this week showed Chinese holdings of Treasury bills fell by $34 billion in December……………………………………Full Article: Source


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