China’s Stockpiles Are New Sovereign Wealth Strategy, RBC Says

Posted on 05/18/2009

China is stockpiling commodities such as copper and iron ore as part of a reallocation of its sovereign wealth amid concern that the value of its dollar assets may decline, according to the Royal Bank of Canada. “It’s part of an overall desire to decrease its exposure to dollar assets,” said Brian Jackson, senior strategist […]

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