Home / Business

China starts diversifying forex reserves

By Wang Xiaotian | China Daily | Updated: 2010-08-18 07:41

Nation trims US holdings, buys more Japanese debt

BEIJING - China has diversified its huge pool of foreign reserves by cutting US Treasury bond holdings and increasing Japanese debt holdings.

The nation reduced US treasury bond exposure by nearly $24 billion in June, down 2.7 percent from May, according to US government data.

China starts diversifying forex reserves

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349