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China starts diversifying forex reserves

By Wang Xiaotian | China Daily | Updated: 2010-08-18 07:41

Nation trims US holdings, buys more Japanese debt

BEIJING - China has diversified its huge pool of foreign reserves by cutting US Treasury bond holdings and increasing Japanese debt holdings.

The nation reduced US treasury bond exposure by nearly $24 billion in June, down 2.7 percent from May, according to US government data.

China starts diversifying forex reserves

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