• China: Will Decide U.S. Debt Purchases Based On Forex Reserves
    • By:
      China will decide whether to continue purchasing U.S. Treasury instruments in the future, and how much to purchase, based on Beijing’s need to maintain its foreign reserves and keep them secure, Chinese Premier Wen Jiabao sad Jan. 31 in London. The “very fast” growth of China’s foreign reserves in recent years has driven Beijing to buy U.S. Treasury bonds “to ensure diversity,” Wen said.