JayAtl
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- Nov 18, 2010
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China’s returns on its foreign exchange investments are dropping because of the global interest rate environment and the prospects for improvement are not good, People’s Bank of China Vice Governor Yi Gang said.
Diversifying the nation’s $2.85 trillion foreign exchange holdings into commodities is difficult because that would drive prices higher, hurting China as a major buyer of resources, said Yi, who is also head of the State Administration of Foreign Exchange.
China's Returns on Foreign Exchange Investments Dropping, PBOC's Yi Says - Bloomberg
To Mods : I have written on the forums here( http://www.defence.pk/forums/sugges...ost-not-post-new-forum-rules.html#post1516604) and even asked mods through private message about the question risen there - no answer given period to date.
So since this news maybe questioned / infraction . here is reason why it is posted by me. China is heavily vested in foreign economies and this is important news on how it is doing. Not to say the obvious irony that one topic below talks about India's falling foreign exchange.
its your house, your rules, just need clarification
Diversifying the nation’s $2.85 trillion foreign exchange holdings into commodities is difficult because that would drive prices higher, hurting China as a major buyer of resources, said Yi, who is also head of the State Administration of Foreign Exchange.
China's Returns on Foreign Exchange Investments Dropping, PBOC's Yi Says - Bloomberg
To Mods : I have written on the forums here( http://www.defence.pk/forums/sugges...ost-not-post-new-forum-rules.html#post1516604) and even asked mods through private message about the question risen there - no answer given period to date.
So since this news maybe questioned / infraction . here is reason why it is posted by me. China is heavily vested in foreign economies and this is important news on how it is doing. Not to say the obvious irony that one topic below talks about India's falling foreign exchange.
its your house, your rules, just need clarification