China will increase euro reserves

CHINA - The vice president Guo Shuqing with The People's Bank of China discloses that China has purchased a number of Euro as foreign exchange reserve in the past 2 months.

Guo Shuqing is also the director with State Administration of Foreign Exchange. He expresses that China will purchase more Euro in future.

He says that China pays great attention to the international position of Euro. He expresses, "The position and function of Euro in the international currency system, the extent and depth,

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