16.07.2009 - China $2 trillion reserves keep U.S. stimulus afloat
From Bloomberg: China’s foreign-exchange reserves are surging again, helping the Obama administration sell unprecedented amounts of debt as it seeks to drag the world’s biggest economy out of a recession. China Investment Corp., the nation’s $200 billion sovereign wealth fund, lost money on its first investments. Stockpiles of currency rose by a record $178 billion in the second quarter to top $2 trillion for the first time, the People’s Bank of China said yesterday........Full Article: Source