1. China's Investing Shifts to Neighbors.
- Author
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Back, Aaron, McMahon, Dinny, Lauricella, Tom, Lee, Vincent, and Li, Liu
- Subjects
- *
FOREIGN exchange , *CURRENCY transactions , *GOVERNMENT securities - Abstract
The article discusses efforts by China to diversify its foreign-currency reserves beyond U.S. Treasury debt. China has increased its purchases of Japanese and South Korean government bonds, and has also allowed the Malaysian ringgit to be traded directly against the Chinese yuan. Douglas Borthwick of trading firm Faros Trading notes that it is a particularly opportune time for China to buy more sovereign debt from emerging economies.
- Published
- 2010