China starts diversifying forex reserves
By Wang Xiaotian | China Daily | Updated: 2010-08-18 07:41
Nation trims US holdings, buys more Japanese debt
BEIJING - China has diversified its huge pool of foreign reserves by cutting US Treasury bond holdings and increasing Japanese debt holdings.
The nation reduced US treasury bond exposure by nearly $24 billion in June, down 2.7 percent from May, according to US government data.
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