Business >> China Business
China has 'no plans' to sell off greenback http://english.people.com.cn/90001/90778/90857/6238259.html
August 13, 2007
The US dollar plays an important role in the global monetary system and dollar assets are an important part of China's foreign exchange reserve, the central bank said yesterday.
The announcement by the People's Bank of China (PBOC), experts said, should scotch rumors that Beijing would sell off its US dollar reserve in response to Washington's pressure to revaluate the yuan. http://english.people.com.cn/90001/90778/90857/6238259.html