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To: Raymond Duray who wrote (55837)	11/10/2004 4:37:27 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

Ray, but I am still right in saying that the total foreign reserve of China is US$515 billion, including certain percentage of Euro, gold, Yen and other Asian currencies. Although I have not seen any one mentioned what is the percentage of 515 billion are other forms of reserve. I would say at least 20% of 515 billion is not US$. This following news is from May, and China already admitted it was diversifying its foreign reserve (US$440 billion at that time). China's chief forex regulator, Guo Shuqing, said in a recent Financial Times interview the make-up of the country's US$440-billion forex cash pile was being altered to include more European and Asian bonds, given concerns over a weaker US dollar. chinadaily.com.cn