A
anjelina
Guest
http://forexnews-4all.blogspot.com/2009/07/chinas-world-record-currency-reserves.html
Chinas foreign-exchange reserves probably topped $2 trillion for the
first time, drawing attention to the difficulty the government faces
in finding places to invest the worlds largest holdings.
The reserves climbed $67.8 billion to $2.022 trillion as of June 30
from three months earlier, according to the median estimate of six
economists surveyed by Bloomberg News. That would compare with a $7.7
billion gain in the previous quarter. The central bank may release the
number today or next week, based on the timing of previous
announcements.
Central bank Governor Zhou Xiaochuan ruled out any sudden change in
the management of the reserves last month after proposing that
governments investigate setting up a supranational currency. Premier
Wen Jiabao is concerned that Chinas $763.5 billion of Treasury
holdings may fall in value as the U.S. sells record amounts of debt to
fund stimulus spending.
Theres no obvious alternative for China to U.S. Treasury bills,
said Stephen Green, head of China research at Standard Chartered Plc
in Shanghai. The alternatives
read more visit now
Chinas foreign-exchange reserves probably topped $2 trillion for the
first time, drawing attention to the difficulty the government faces
in finding places to invest the worlds largest holdings.
The reserves climbed $67.8 billion to $2.022 trillion as of June 30
from three months earlier, according to the median estimate of six
economists surveyed by Bloomberg News. That would compare with a $7.7
billion gain in the previous quarter. The central bank may release the
number today or next week, based on the timing of previous
announcements.
Central bank Governor Zhou Xiaochuan ruled out any sudden change in
the management of the reserves last month after proposing that
governments investigate setting up a supranational currency. Premier
Wen Jiabao is concerned that Chinas $763.5 billion of Treasury
holdings may fall in value as the U.S. sells record amounts of debt to
fund stimulus spending.
Theres no obvious alternative for China to U.S. Treasury bills,
said Stephen Green, head of China research at Standard Chartered Plc
in Shanghai. The alternatives
read more visit now