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02-17-2010, 05:13 AM #1
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Report: China Ready to Shed Risky Dollar Assets
Report: China Ready to Shed Risky Dollar Assets
Tuesday, 16 Feb 2010 08:55 AM
By: Forrest Jones
China reportedly is ready to shed risky dollar-denominated assets from its reserves, holding on to only instruments guaranteed by U.S. government.
A Communist Party directive leaked to the Chinese-language edition of the Asia Times said dollar reserves should be limited to U.S. Treasuries or agency mortgage debt such as Freddie Mac that has Washington's backing.
Analysts say the move signals Beijing's worries that trouble is brewing.
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2 foreign nationals in ICE custody after alleged attempted...
05-18-2024, 07:35 AM in General Discussion