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[All-In-1-Min] 【整理】2009-05-06 BBC Audio News

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本帖最后由 Phd_Robot 于 2009-5-6 15:46 编辑

on   bill2008
     
       China has the biggest foreign exchange reserves in the world, totally almost 2,000 billion dollars, about two-thirds of these is estimated to be in US dollars.

But China has been backing away from the dollar for a while. Three years ago Beijing broke the peg
that linked its currency the RMB and the dollar. Then just before the London G20 summit earlier this month, China suggested that the time might’ve come for countries to reduce their reliance on the US dollar as reserve currency.


Nonetheless, about two-thirds of China’s foreign exchange reserves is estimated still to be in dollars. But the Chinese move has given a small boost to the gold price, up five dollars fifty at 913 dollars an ounce in London. And a big boost to those traditional investors who believe that gold is still the safer store of value.

However, bullion market experts say China’s gold holdings are still far smaller than those of the US and other developed countries and was still buying US dollars.
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  • jessiyear

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