China's Hu: subprime challenges reserve management
China's reserve management faces big challenges after the subprime crisis, said Hu Xiaolian, a deputy governor of the People's Bank of China.
Speaking at Central Bank of Argentina's Money and Banking Conference, Hu said that changes in major international reserve currencies, such as the euro and the dollar, are becoming more and more unpredictable and complicate the management of reserves.
She added that the increase in global commodity prices was putting huge imported inflationary pressures on
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