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China has sharply cut the share of its foreign reserves held in dollars, according to Dow Jones...

China has sharply cut the share of its foreign reserves held in dollars, according to Dow Jones calculations. Though the exact composition of China's $3.2T reserves has always been a mystery, the portion of dollar holdings appears to have dropped to a decade-low 54% as of June 2011 from 65% in 2010 and 74% in 2006.
Comments (1)
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Last year treasury.gov showed they dumped all the short stuff and they road the value of the long stuff up ! Now their chipping away an going into hard commodities an gold.

     

    Even buying EU crap and loads of US stocks. The clock is ticking and the Democrats with Fed Ben are pushing us closer to having the US reserve dropped 5 years sooner than planned.
    1 Mar 2012, 01:21 PM Reply Like
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