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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China to diversify reserves

Posted on 28 September 2010

From Dow Jones: China will continue to shift its foreign reserves into non-dollar assets, but U.S. government debt will remain the prime holding, former central bank adviser Fan Gang said Monday.
In an interview with Dow Jones Newswires and Malaysian media on the sidelines of a conference in Kuala Lumpur, he also said he expects the yuan to keep rising gradually, regardless of what the dollar does……………………………………….Full Article: Source


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