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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China should use forex reserves to buy energy, metals

Posted on 13 June 2011

China should use some of its foreign exchange reserves to purchase energy and metal minerals that are of “strategic importance,” Financial News reported today, citing Xu Nuojin, vice governor of the People’s Bank of China’s Guangzhou branch.

The nation should also optimize the structure of its foreign exchange reserves by diversifying away from U.S. dollar treasuries. China should increase resources and equity in its portfolios, the newspaper cited Xu as saying……………………………………….Full Article: Source


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