Sunday, March 29, 2009

China Slowly Moving Reserves Out of US Assets

BCA Research reports that China is gradually moving its foreign reserves out of US assets, estimating that China currently has about 64% of its reserves in US assets, down from a high of 84% in 2003.

BCA's report also breaks down the types of US assets the Chinese have been purchasing, which recently has been focused on US Short Term Treasuries.

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