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Trades reveal China shift from dollar
06-21-2011, 01:13 PM,
#1
Rainbow  Trades reveal China shift from dollar
Trades reveal China shift from dollar

By Jamil Anderlini in Beijing and Tracy Alloway in London
Published: June 20 2011 20:07

China began diversifying away from the US dollar in earnest in the first four months of this year, most likely by buying far more European government debt than US dollar assets, according to estimates from Standard Chartered Bank.

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http://www.ft.com/cms/s/0/2285148c-9b6c-11e0-bbc6-00144feabdc0.html#axzz1PuYuZul2
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