China officially confirms new agency to manage foreign reserves - Instablogs

China officially confirms new agency to manage foreign reserves - Instablogs

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China officially confirms new agency to manage foreign reserves

Balendu , Delhi: Mar 9 2007

Made Popular Mar 9 2007

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China has announced that it is setting up a new investment agency to gain higher returns on its foreign currency reserves of more than $1 trillion, the largest stockpile in the world. Chinese finance minister Jin Renqing said that China will...

Tags: Foreign Reserve, Chinese Economy, Jin Renqing, Business

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