| 20.07.2012 - China's dilemma - where to park all those funds? |
| The People's Bank of China buys more than $US2 billion of foreign exchange each working day from Chinese businesses and foreign investors to hold back the appreciation of the nation's currency - the yuan. This hoarding has resulted in an unprecedented expansion of country's foreign exchange reserves. It has increased 160-fold from a measly $US20 billion in 1993 to a staggering $US3.2 trillion in 2012...............................................Full Article: Source |