MEALTICKET
03-21-2006, 02:24 AM
China urged to do something about it's reserves!!! I'm no econmic genuis but le's compare IRAQIS RESERVES!!
China's US$818.88 billion (HK$6.38 trillion) worth of foreign exchange reserves are too large and the government should set up an investment company to raise its return on a large portion of them, Tao Dong, Credit Suisse Group's (CSR) chief economist for non-Japan Asia, wrote in an editorial in the China Business Post on Monday.
http://www.thestandard.com.hk/news_detail.asp?we_cat=10&art_id=14687&sid=7148044&con_type=1&d_str=20060321
China's US$818.88 billion (HK$6.38 trillion) worth of foreign exchange reserves are too large and the government should set up an investment company to raise its return on a large portion of them, Tao Dong, Credit Suisse Group's (CSR) chief economist for non-Japan Asia, wrote in an editorial in the China Business Post on Monday.
http://www.thestandard.com.hk/news_detail.asp?we_cat=10&art_id=14687&sid=7148044&con_type=1&d_str=20060321