Report says China to continue buying US Treasuries

China will continue to purchase US Treasuries after the new foreign exchange investment agency begins operations, The Standard reported Monday 12 March, citing central bank vice governor Wu Xiaoling.

Asked yesterday in Basel, Switzerland whether China would continue to buy US Treasuries, Wu said: 'Yes.'

China plans to set up an agency to help manage its currency reserves, modelling it on Singapore's Temasek Holdings to create what will become Asia's largest government-controlled investment fund

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