Dollar dilemma as greenback value falls

A billboard advertising foreign currencies in Shanghai. US Treasury bonds accounted for 36.4 percent of China's $3.31 trillion foreign exchange reserves on Dec 31, according to the People's Bank of China. The State Administration of Foreign Exchange announced last month that a new office called SAFE Co-Financing had been launched to handle trusted loans based on the country's foreign exchange reserves. Jing Wei / For China Daily