PBC Official Interview with Xinhua News Agency on Western Media Report of "China Threatening to
Sell Dollar"
A PBC official
gave an interview to the Xinhua News Agency on Western media report of "China threatening to sell dollar". This is what the PBC official
has commented:
The U.S. dollar
has an important status in the international monetary system. As the U.S. financial markets are very deep and highly liquid,
dollar-denominated assets including U.S. government
securities are an important component in China´s
foreign exchange reserve investment portfolio.
In the
international financial markets, China is a responsible investor. With an objective
of making safe and liquid investment with reasonable returns, China´s foreign exchange reserve investment has always had
a long-term and strategic vision, and taken into consideration development of China´s external sector, evolution of international
monetary system, trend in international capital and foreign exchange markets, and
etc, to determine the currency structure of such investment.
In addition, the
official says that the close trade and economic ties between China and the U.S. are important
to sound growth of the two economies and the world economy. The official says that
China has always valued and endeavored to promote harmonious
development of China-U.S. trade and economic relations, and valued better communications
through various channels including the Strategic Economic Dialogue(SED), in
order to increase understanding, forge consensus and enhance cooperation, with
a view to promoting economic prosperity, development and people´s welfare in
both countries.
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