China says it will hold on to US assets
China will not panic and sell off its US assets in the face of the global financial crisis, the nation's central bank vice governor said.
By Agencies |
BEIJING: China will not panic and sell off its US assets in the face of the global financial crisis, the nation's central bank vice governor told reporters on Friday.
"China inevitably has to invest its forex reserves in the overseas market and we are very responsible about our forex investment," Yi Gang told reporters when asked about investing in US financial assets.
"We will deal with the current financial tsunami in a responsible and steady manner... this responsible and steady attitude, instead of the attitude of selling off in a panic, will benefit the overall financial market."
"China inevitably has to invest its forex reserves in the overseas market and we are very responsible about our forex investment," Yi Gang told reporters when asked about investing in US financial assets.
"We will deal with the current financial tsunami in a responsible and steady manner... this responsible and steady attitude, instead of the attitude of selling off in a panic, will benefit the overall financial market."
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