Thursday, May 10, 2007

China Central Bank Says It Won't Slash Holdings of U.S. Assets in Reserves

(Bloomberg) -- China's central bank today said it won't slash holdings of U.S.-dollar assets while diversifying the world's biggest foreign-currency reserves.

U.S. currency assets will remain a key part of its overseas investments, the People's Bank of China said in a quarterly monetary report posted on its Web site. The central bank said it won't sell large amounts.


Read more at Bloomberg Currencies News

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