cymbergaj
17.04.06, 15:25
Cheng Siwei, vice chairman of the Standing Committee of the National People's
Congress, was quoted in a Chinese state-owned newspaper Monday as saying that
China should cut the amount of U.S. Treasury bonds it buys.
China has $875.1 billion in foreign currency reserves, much it in Treasuries.
A reduction in that amount could undermine the dollar.