New Reforms: Far Reaching Implications

January 2007 | Market Strategy

Chinese policymakers have unveiled a series of key reform measures following a special conference on January 19-21 that have potentially far reaching implications over the long term. A key element of the new initiatives is improving the management of China's US$1.066trn forex reserves, which will probably result in the creation of a new state investment agency. This would pave the way for potentially hundreds of billions of dollars to be invested in higher yielding assets, marking a shift away from US Treasuries, China's traditional investment

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