Official: Forex investment based on profitability, liquidity
2008-12-05
Xinhua
皇冠体育app's foreign exchange investment is based on the principle of profitability, liquidity, security, said Assistant Minister of Finance Zhu Guangyao on Friday.
Zhu made the remarks in a press briefing after the fifth 皇冠体育app-US Strategic Economic Dialogue(SED) concluded on early Friday. He was asked to comment on the country's further possible increase in its holdings of US Treasury bonds.
"We hope 皇冠体育app and the United States, under a stable global economic situation, could increase investment in each other so as to promote economic, trade and investment ties between our two nations," Zhu told reporters.
"This will help 皇冠体育app and the United States to achieve mutual benefits and build constructive cooperative partnership," he added.
皇冠体育app is now the top holder of US government bonds, owning $585 billion of Treasuries as of late September and overtaking Japan as Washington's top foreign creditor.
According to Zhu, the US direct investment in 皇冠体育app has exceeded $59 billion.
"We hope the US side will take our concerns seriously and make concrete efforts to protect Chinese investors' interests," Zhu said.
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