Log Out
Visit Richard Farmer's column >>

RICHARD FARMER

Home Page
Journalist and wine maker
Articles Posted: 416  Links Seeded: 2421
Member Since: 8/2006  Last Seen: 5/16/2012

China has 'no plans' to sell off greenback

Seeded on Mon Aug 13, 2007 4:40 AM EDT
Read ArticleArticle Source: english.people.com.cn
, , , ,
Seeded by Richard Farmer
Advertise | AdChoices

The US dollar plays an important role in the global monetary system and dollar assets are an important part of China's foreign exchange reserve, the central bank said yesterday.

The announcement by the People's Bank of China (PBOC), experts said, should scotch rumors that Beijing would sell off its US dollar reserve in response to Washington's pressure to revaluate the yuan.

  • Enjoy this article? Help vote it up the 'Vine.

Published to:

Richard Farmer

Worth reflecting, though, on the power China has to influence conditions in the United States.

  • 1 vote
Reply#1 - Mon Aug 13, 2007 4:41 AM EDT
Leave a Comment:
You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
Newsvine Privacy Statement
As a new user, you may notice a few temporary content restrictions. Click here for more info.