03.05.2011 - China’s forex cache: Too much of a good thing
The People’s Bank of China is mulling a new strategy for managing — through diversified investment — its enormous cache of foreign currency and bonds, whose total value exceeded an all-time record $3 trillion in late March. The amount of U.S. Treasury bonds, dollars, euros and other currency held by the Chinese government is “really too much,” said the bank’s governor, Zhou Xiaochuan, at an April 18 financial forum at Tsinghua University..............................................Full Article: Source
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