unknown
03-01-2012, 02:39 PM
China Diversifies Away From Dollar. (http://online.wsj.com/article/SB10001424052970203753704577254794068655760.html#a rticleTabs%3Darticle)
BEIJING—Fresh U.S. Treasury data suggest that China has lost its taste for investing as much of its $3.2 trillion in foreign-exchange reserves in U.S. dollars and may be increasing its holding of euro-denominated securities during a time that a debt crisis has roiled European markets.
Economists have long warned that if China started to cut back its purchases of U.S. securities, U.S. interest rates could climb, damaging the U.S. economy. China's diversification of its vast reserves, however, hasn't caused disruption so far, partly because of strong global demand for U.S. securities as a safe haven during troubled times.
Theres still time to save the economy: Ron Paul 2012.
BEIJING—Fresh U.S. Treasury data suggest that China has lost its taste for investing as much of its $3.2 trillion in foreign-exchange reserves in U.S. dollars and may be increasing its holding of euro-denominated securities during a time that a debt crisis has roiled European markets.
Economists have long warned that if China started to cut back its purchases of U.S. securities, U.S. interest rates could climb, damaging the U.S. economy. China's diversification of its vast reserves, however, hasn't caused disruption so far, partly because of strong global demand for U.S. securities as a safe haven during troubled times.
Theres still time to save the economy: Ron Paul 2012.