Economy / China
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Better Reserve Management
April 2007 | Economic OutlookSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: China is setting up a new investment agency to manage its swelling stock of foreign exchange reserves, which, at more than US$1trn, is the largest in the world. While the announcement generated some concern over the impact of a change in China's reserve management on global financial markets, the reform is likely to be gradual, and we judge the risks to be