China to Deploy Foreign Reserves

Beijing will use its foreign exchange reserves, the largest in the world, to support and accelerate overseas expansion and acquisitions by Chinese companies, Wen Jiabao, the country’s premier, said in comments published on Tuesday.

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http://globaleconomicpulse.blogspot.com/2009/07/china-to-deploy-foreign-reserves.html

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Tags: Chinese Monetary Reserves, US Dollar, USD, EURO, Yen, Swiss Franc, Chinese State Firms, Sovereign Wealth Funds, Diageo, PetroChina, Chinalco, China Telecom, Bank of China, China Investment Corp., HSBC, China Development Bank,

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