china must diversify forex reserves faster
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

China must diversify forex reserves faster

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice China must diversify forex reserves faster

Beijing - Arabstoday

China should speed up diversification of its $3.2 trillion (Dh11.7 trillion) foreign exchange reserves away from dollar assets to hedge against risks of the US currency\'s possible long-term decline, an adviser to the People\'s Bank of China said yesterday. \"We should accelerate diversification in reserve investment,\" Xia Bin, an academic member of the central bank\'s monetary policy committee, told Reuters in an interview. China faces \"pressures and challenges\" in managing its fast-accumulating foreign exchange reserves, but the holdings may also present the country with an \"unprecedented\" opportunity to help its long-term development, Xia said. China\'s reserves, the world\'s largest, swelled by $152.8 billion in the second quarter to a record $3.2 trillion, driven by sustained capital inflows and its large trade surplus. Chinese officials have pledged to diversify the huge reserves — as much as 70 per cent of which are now in US dollar assets, according to analyst estimates — but the process has been gradual. Xia pointed to examples of such diversification, saying China has added more Japanese government debt and other non-dollar assets. The adviser said the US currency would retain its role as the major global reserve currency because it has no candidate to displace it. From / Gulf News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china must diversify forex reserves faster china must diversify forex reserves faster

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china must diversify forex reserves faster china must diversify forex reserves faster

 



GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 08:43 2017 Wednesday ,22 March

AGU Alumni Association launches new identity, website

GMT 05:42 2013 Friday ,15 March

Israeli apartheid

GMT 23:11 2012 Friday ,28 December

Japanese smartphone for seniors expected

GMT 11:03 2012 Friday ,24 August

Haiti faces new tragedy as Storm Isaac swells

GMT 09:29 2016 Tuesday ,09 February

Lucky few cross Turkey's border

GMT 19:13 2012 Sunday ,09 December

Prank call led our nurse to suicide, claims hospital

GMT 05:02 2012 Thursday ,05 July

Join the turtle race

GMT 12:25 2017 Sunday ,15 October

Khattab back home after UNESCO election

GMT 16:32 2013 Wednesday ,04 September

Mitsubishi Evo IX

GMT 05:46 2013 Wednesday ,12 June

Climate conditions determine Amazon fire risk
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice