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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

China should cut dollars if U.S. too loose: sovereign fund

Posted on 17 September 2010

From Reuters: China should sell dollars and diversify its foreign exchange reserves if the United States sticks to loose monetary policy, the head of the Chinese sovereign wealth fund said in an article published this week.

Lou Jiwei, chairman of the $300 billion China Investment Corp, also offered policy advice to the United States, saying the best course of action would be for it to tighten monetary conditions while ramping up stimulus spending…………………………………….Full Article: Source

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