China's rare denial of a report on its eurozone bond holdings illustrates the dilemma posed by...

|By:, SA News Editor

China's rare denial of a report on its eurozone bond holdings illustrates the dilemma posed by its massive reserves pileup. Although it would be understandable if China has some concerns about its eurozone debt holdings, the massive size means it has few options other than to hang on to debt whose value is already under pressure.