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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China needs to diversify FX reserves -c.bank adviser

Posted on 24 August 2011

China should diversify its huge foreign exchange reserves into non-financial assets to hedge against risks from a long-term decline in the U.S. dollar, Xia Bin, an academic adviser to the central bank said on Tuesday.
“The Chinese government is certainly worried about (the safety) of its foreign exchange reserves,” Xia told a forum……………………………………….Full Article: Source


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