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China diversifies its reserves through the creation of large investment funds |
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At the beginning of April 2011 the size of China's foreign exchange reserves
exceeded 3 trillion. U.S., putting China in a very special position in the world, as such size of
foreign exchange reserves involves creating a new and unique to the world of finance strategies for their use.
Therefore, today the Central bank of China announced its intention to establish in the very near future the several major
investment funds, that focus their investments will be large pieces of foreign exchange reserves into commodities,
necessary for the development of Chinese economy, as well as the accumulation of large sums of money, needed
for intervention in the global currency market. As a result of these funds must occur diversification
structure of foreign exchange reserves of China, expected strong increase in the share of euro and Japanese yen. In this direction already
taken initial steps, as we reported recently, on the Asian Forum in Boao, Hainan has been agreed
about buying the debt of Spain government bonds on $ 9 billion.
More information about China can be viewed on our forum:
http://hainanwel.com/forum/viewforum.php?f=56
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HAINAN - DAILY NEWS FOR THE LAST MONTH:
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