PDA

View Full Version : China's Stockpiles Are New Sovereign Wealth Strategy, RBC Says - Bloomberg



NewsWhore
05-18-2009, 01:50 AM
<img alt="" height="1" width="1">
China&#39;s Stockpiles Are New Sovereign Wealth Strategy, RBC Says (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da5yhtDZx75kw%26refer%3Dhome&cid=0&ei=cfkQStTgK4vGsga9ksibBQ&usg=AFQjCNFp9J4Ff2HSfSDHSVTbQvAxD01CRQ)
Bloomberg
Central bank Governor Zhou Xiaochuan has proposed a new global currency to reduce reliance on the dollar. “Increased spending on commodities represents a reallocation of China&#39;s sovereign wealth away from the accumulation of financial assets,” Jackson ...


More... (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da5yhtDZx75kw%26refer%3Dhome&cid=0&ei=cfkQStTgK4vGsga9ksibBQ&usg=AFQjCNFp9J4Ff2HSfSDHSVTbQvAxD01CRQ)