Australia's central bank plans to invest about 5% of its fx reserves in China, according to...

|By:, SA News Editor

Australia's central bank plans to invest about 5% of its fx reserves in China, according to Deputy Governor Philip Lowe. It will be the first time the RBA has owned the sovereign debt of any Asian nation other than Japan, and "reflects the broader economic relationship between China and Australia." The converse is Oz will be less-invested in assets of another country. The U.S.?