Think-tank joins call for China FX diversification

A government think-tank said in a report published on Monday 13 November that China should diversify its US$1 trillion foreign exchange reserves by building up strategic reserves of crude oil, and precious metals.

"China should actively manage and diversify its foreign exchange reserves so as to increase its returns," the centre said in a report published in the China Securities Journal.

The recommendations by the State Information Centre, a think tank under the top economic planner, the Nation