Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (25038)	3/7/2005 1:03:57 AM
From: RealMuLan	Read Replies (1) of 116555

In today's press conference with Zhou XiaoChuan, a journalist from Germany asked him that what is the component of China's foreign reserve and whether China is planning to buy more Euro. Zhou did not answer directly but said China’s foreign reserve has usually been managed with the principles of avoiding the risk and containing multiple varieties of currencies. Thus China has usually emphasized on holding certain percentage of its foreign reserves as Euro. Zhou also said China now basically can control the inflow of the international hot money. The Chinese link: news.hexun.com

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