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China wants the US to “boost global financial market confidence” in dollar

July 20, 2011 - 8:09am | Analytics | News
China wants the US to “boost global financial market confidence” in dollar

China urged the US to enter “responsible” measures to increase market confidence in the dollar and US government debt.

A Chinese currency regulator called upon US leaders amid their efforts to develop an 11th-hour deal to raise a $14.3 trillion debt ceiling for the United States before it runs out of money to cover all its bills on August 2.
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China | debt ceiling | dollar | foreign exchange reserves | US | US Treasuries
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China became the world’s fifth-largest by gold holdings

April 24, 2009 - 4:25am | Figures | News
China became the world’s fifth-largest by gold holdings

As the official Xinhua News Agency announced, quoting Hu Xiaolian, since 2003 China boosted its gold reserves by 76%, thus becoming the world’s fifth-biggest holding. Boosted by domestic purchases and refining scrap metal China’s reserves grew by 454 tons to 1,054 tons.

As of March 31China has the world’s largest foreign exchange reserves at $1.95 trillion, according to the administration.
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China | foreign exchange reserves | gold | investment | US Treasury bonds | USD
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