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

|By:, SA News Editor

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.