Sat, Nov 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Reserve Currencies

China may end up contributing to this vast European bailout fund

Posted on 28 October 2011

The Chinese control £1.93 trillion of foreign currency reserves, with about US$300 billion in its China Investment Corporation. Indeed were it not for Chinese purchase of European government debt, the Euro would probably have collapsed already.
It is what is sustaining the Euro against a weak US dollar, along with European banks flogging off overseas assets which are then converted from dollars back into Euros………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15073 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930