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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (25056)3/7/2005 11:04:57 AM
From: RealMuLan  Respond to of 116555
 
>>But analysts point out that despite the rhetoric, China's appetite for fresh US dollar assets such as treasury bonds is diminishing<<

That is Chinese way to do things<g>, rooted from Sun Zi martial law more than 2 thousands years ago.

>>China had foreign exchange reserves of 609.9 bln usd at the end of last year, up 206.6 bln from the end of 2003, with dollar assets believed to account for some 56 pct<<

China has started to aggressively relocated US$ assets in its foreign reserves since May 2004, and mission has been accomplished by and large. Why to bother now?